[ISC] Q 8 Solution Depreciation TS Grewal Class 11 (2023-24)

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Are you looking for the solution of Question number 8 Depreciation TS Grewal class 11 ISC 2023-24?

On 1st April, 2019, Bhushan purchased a machine for ₹ 2,40,000 and spent ₹ 10,000 on its installation. On 1st October, 2019, another machinery costing ₹ 1,00,000 was purchased. On 1st October, 2021 the machine purchased on 1st April, 2019 was sold for ₹ 1,43,000 and on the same date, a new machine was purchased at a cost of ₹ 2,00,000.

Show Machinery Account for the first four financial years after charging depreciation @ 5% p.a. by the Straight Line Method.


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