1. Calculate annual depreciation and rate of depreciation under Straight Line Method in each of the alternative cases:

Case Purchase Price of Machinery (₹) Installation Charges (₹) Estimated Scrap Value (₹) Estimated Useful Life (in Years)
(a) 1,80,000 20,000 10,000 5
(b) 4,75,000 25,000 50,000 5
(c) 90,000 10,000 20,000 10
(d) 3,40,000 60,000 40,000 10
(e) 90,000 10,000 20,000 4

T.S.Grewal/2024 Edition/Practical Problems/Q-01

For full question, please refer to the text book T.S.Grewal’s Double Entry Book Keeping-Financial Accounting, Textbook for CBSE Class XI published by Sultan Chand & Sons Pvt. Ltd.

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