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Standard X
Mathematics
Solving a Quadratic Equation by Completion of Squares Method
The balance o...
Question

The balance of Fixed Assets of Falna Ltd. at W.D.V. at the end of 2013 and 2014 are Rs. 3,60,000 and Rs. 6,00,000 Accumulated depreciation on Fixed Assets for 2013 and 2014 are Rs. 1,60,000 and Rs. 1,80,000. A machinery costing Rs. 20,000 which is half depreciated is discarded and written off during 2006, here the amount of purchase of fixed assets is ______________.

A
Rs. 2,80,000
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B
Rs. 2,60,000
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C
Rs. 5,00,000
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D
Rs. 2,70,000
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Solution

The correct option is D Rs. 2,80,000
Cost = WDV + Accumulated Dep.
Cost for 2013 =Rs. 3,60,000+1,60,000
=Rs. 5,20,000
Cost for 2014 =Rs. 6,00,000+1,80,000
=Rs. 7,80,000
Cost of fixed assets (2009) Rs. 7,80,000
Cost of fixed assets (2008) Rs. 5,20,000
Less : Cost of assets written off 20,000
5,00,000
_______________
Purchase of Fixed Assets 2,80,000
_______________

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