[ISC] Q 6 Solution Depreciation TS Grewal Class 11 (2023-24)
Are you looking for the solution of Question number 6 Depreciation TS Grewal class 11 ISC 2023-24?
On 1st April, 2019, Ajay Bros. purchased office furniture for ₹ 55,000. It is estimated to have useful life of 10 years at the end of which it can be sold for ₹ 5,000. Additions were made on 1st April, 2020 and 1st October, 2022 costing ₹ 9,500 and ₹ 8,400 (Residual values ₹ 500 and ₹ 400 respectively).
Prepare Furniture Account for the first four years ended 31st March, if depreciation is written off according to the Straight Line Method.
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