18. A boiler was purchased from abroad for 10,000. Shipping and forwarding charges 2,000, Import duty 7,000 and expenses of installation amounted to 1,000. 

Calculate the Depreciation for the first three years (separately for each year) @ 10% p.a. on Diminishing Balance Method. 

T.S.Grewal/2024 Edition/Practical Problems/Q-18

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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