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Commerce · Q1700

Accounting

Graduate and Post Graduate · Commerce · question 1700

Q1700

The cost of the motor car as on 1st January 1987 is Rs. 70,000. The rate of depreciation is 10% P.A. The balance of motor car on 1st January 1991 by fixed installation method and by written down value method will be

A.
Rs. 42,000, Rs. 45,927
Answer
B.
Rs. 45,927, Rs. 47,526
C.
Rs. 35,000, Rs. 39,415
D.
Rs. 45,927, Rs. 48,718

Answer: Option A

Solution

Answer: Option A
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