[ISC] Q 8 Solution Depreciation TS Grewal Class 11 (2022-23)
Are you looking for the solution of Question number 8 Depreciation TS Grewal class 11 ISC 2022-23?
On 1st July, 2017, Sohan Lal & Sons purchased a plant costing ₹ 60,000. An additional plant was purchased on 1st January, 2018 for ₹ 40,000 and another on 1st October, 2018 for ₹ 20,000. On 1st April, 2019, one-third of the plant purchased on 1st July, 2017 had become obsolete and was sold for ₹ 6,000.
Prepare Plant Account for the first three years in the books of Sohan Lal & Sons. Depreciation is charged @ 10% p.a. by Straight Line Method. Accounts are closed on 31st March every year.
Solution:-
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