3. On 1st July, 2023, Raja Ltd. purchased a second-hand machine for ₹ 5,00,000 and spent ₹ 1,00,000 on its cartage, repairs and installation.
Calculate the amount of depreciation @ 10% p.a. according to Straight Line Method for the year ending on 31st March, 2024.
T.S.Grewal/2024 Edition/Practical Problems/Q-03
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.