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In this article, We have provided the Question wise solution of all Questions of Chapter No. 14 - Depreciation – T.S. Grewal 11 Class – Book Solution But first of all, we have explained the meaning of Depreciation.
Depreciation means the decrease in the value of Fixed assets by passing time. It is charged only on fixed assets (except Land) Because every fixed asset has a life of more than one year but will not last indefinitely and The land has an indefinite life so it will be appreciated. Depreciation is treated as indirect expenses of the business and transferred to the income statement of the company and profit/loss account of the business.
There are three types of decreases in the value of an asset, which refers to a different category of fixed assets shown as follows.
1. Depreciation is used for the Tangible fixed asset. Such as Building, Plant, Machinery, Furniture, fixtures, Vehicle, Computer, etc.
2. Depletion is used in referring to the physical exhaustion of natural resources. Such as oil wells, Coal mines, etc.
3. Amortization is used for the Intangible fixed asset. Such as Goodwill, Patents, trademarks, leaseholds, etc.
Question wise solution of all Questions of Chapter No. 14 - Depreciation – T.S. Grewal 11 Class – Book Solution are shown below: -
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Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
This guide covers "Chapter No. 14 - Depreciation – T.S. Grewal 11 Class – Book Solution", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to Academic Subjects.
It is primarily curated for Class 11 and Class 12 high school commerce, accounting, and economics students, as well as aspirants preparing for board exams or CA Foundation.
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