Commerce School

Student Community

YOUTUBE CHANNELSubscribe

Telegram Channel

Commerce School

Student Community

Telegram Channel

YOUTUBE CHANNELSubscribe

Category Depreciation

Depreciation 57 Questions

0 Votes 1 Ans

On 1st April, 2019, Star Trading purchased 5 Machines for ₹ 60,000 each. On 1st April, 2021, one of the machine was sold at a loss of ₹ 8,000

2.94K viewsAnurag Pathak Changed status to publish September 27, 2023Depreciation TS Grewal Class 11

0 Votes 1 Ans

From the following transactions of a concern, prepare the Machinery Account for the year ended 31st March, 2023:

2.20K viewsAnurag Pathak Changed status to publish September 27, 2023Depreciation TS Grewal Class 11

0 Votes 1 Ans

On 1st Apirl, 2016, a firm purchased a machinery for ₹ 1,05,000. The scrap value was estimated to be ₹ 5,000 at the end of asset’s 10 year’s life.

3.09K viewsAnurag Pathak Changed status to publish September 27, 2023Depreciation TS Grewal Class 11

0 Votes 1 Ans

On 1st April, 2019, furniture costing ₹ 55,000 was purchased. It is estimated that its life is 10 years at the end of which it will be sold for ₹ 5,000.

2.75K viewsAnurag Pathak Changed status to publish September 27, 2023Depreciation TS Grewal Class 11

0 Votes 1 Ans

On Ist April, 2020, Starex purchased a machine costing ₹ 4,00,000 and spent ₹ 50,000 on its installation

2.56K viewsAnurag Pathak Changed status to publish September 27, 2023Depreciation TS Grewal Class 11

0 Votes 1 Ans

Mohan & Co. Purchased machinery for ₹ 21,000 on 1st April, 2020. The estimated useful life of machinery is 10 years, after which its realisable value will be ₹ 1,000.

3.31K viewsAnurag Pathak Changed status to publish September 27, 2023Depreciation TS Grewal Class 11

0 Votes 1 Ans

Calculate the Amount of annual Depreciation and Rate of Depreciation under Straight Line Method (SLM) from the following:

1.14K viewsAnurag Pathak Changed status to publish September 27, 2023Depreciation TS Grewal Class 11

« Previous 1 2 3

Question and answer is powered by anspress.net