Q12 Depreciation Class 11 | Ts Grewal Solution 2024-25 | Latest solution class11

Question 12:
On 1st April, 2010, Plant and Machinery was purchased for *1,20,000. New machinery was purchased on 1st October, 2010 for "50,000 and on 1st July, 2011, for "25,000. 0n 1st January, 2013, a machinery of the original value of -20,000 which was included in the machinery purchased on 1st April, 2010, was sold for -6,000. Prepare Plant and Machinery A/c for three years after providing depreciation at 10% p.a. on Straight Line Method. Accounts are closed on 31st March every year. (KVS)

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