Q2223
A plant was purchased on 1st January 1999. It was depreciated at the rate of 12% P.A. by diminishing balance method. It was sold on 31st March 2001 when its depreciated value was Rs. 1,50,234. What was its value on 1st January 1999.
A.
Rs. 1,80,000
B.
Rs. 1,90,000
C.
Rs. 2,00,000
AnswerD.
None of the above
Answer: Option C
Solution
Answer: Option C
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