Gross book value of a group of asset is Rs. $130, 000$ and total accumulated depreciation of Rs. $24, 000$ and current depreciation of Rs. $2000$ . The net book value of the asset is ____________.

1, 04, 000

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

99, 000

No worries! We‘ve got your back. Try BYJU‘S free classes today!

98, 000

No worries! We‘ve got your back. Try BYJU‘S free classes today!

1, 02, 000

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C $1, 04, 000$
Net book value of the asset = Gross book value - Total accumulated depreciation - Current depreciation
Net book value of the asset = Rs. 1,30,000 - Rs. 24,000 - Rs. 2,000 = Rs. 1,04,000

Suggest Corrections

Similar questions

R s .2, 50, 000

R s .50, 000

10

10 %

31.03.13

45000

31.03.15

A non-current asset cost Rs. 1,20,000 and is depreciated at 20% using the reducing balance method. After 3 years the net book value (WDV) is:

Suppose asset is purchased for Rs 200000, Accumulated depreciation is Rs. 170000. and asset is now sold for Rs. 35000. Calculate gain or loss?

Join BYJU'S Learning Program