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Welcome back to Learn At Ur Desk! We are doing textbook solution series for TS Intermediate 2nd year Accountancy. We have started solving Chapter 1 Depreciation Problems and in my Last Post I have posted the solution for problem #10 and today we are going to solve Problem #11.
Textbook Solution Series (TBS Series)
for Telangana State Board of Intermediate Education (TSBIE) Second Year Accountancy.
Chapter 1: Depreciation
Page #41 problem #11.
Madhu and Co. purchased the machine on 1st
April 2010 for ₹20,000. Depreciation is charged at 10% and a diminishing
balance method. The company prepares accounts at the end of the financial year.
Prepare machine account for three years.
Working notes.
Cost of Machine = 20,000
Depreciation for 2011
20,000 × 10 ÷ 100 = 2,000
Depreciation for 2012
20,000 – 2,000 = 18000 × 10 ÷ 100 = 1,800
Depreciation for 2013
18,000 – 1,800 = 16,200 × 10 ÷ 100 = 1,620.
Ok that's
it in this problem!
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Click herefor Depreciation Problem #10 solution
Click here
for Depreciation Problem #12 solution
If you are
TS Intermediate 1st Year student then go to TSBIE Accountancy I Recording Business Transactions problem
# 1solved!
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