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Commerce · Q2290

Accounting

Graduate and Post Graduate · Commerce · question 2290

Q2290

A machine was purchased on 1st January 1987. It was depreciated by written down value method at the rate of 10% P.A. The depreciated value of machine as on 1st January 1990 is Rs. 13,122. The cost of machine on 1st January 1990 was

A.
Rs. 20,000
B.
Rs. 18,000
Answer
C.
Rs. 22,000
D.
Rs. 19,000

Answer: Option B

Solution

Answer: Option B
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