Read the following information: Particulars/Balance as on March 31, 2023 (₹) March 31, 2024 (₹) Machinery 5,00,000 6,00,000 Accumulated Depreciation 1,64,000 1,80,000 During the year, a machine costing ₹ 1,00,000, and ac
CS Executive · Corporate and Management Accounting · PYQS · December 2024
Read the following information: Particulars/Balance as on March 31, 2023 (₹) March 31, 2024 (₹) Machinery 5,00,000 6,00,000 Accumulated Depreciation 1,64,000 1,80,000 During the year, a machine costing ₹ 1,00,000, and accumulated depreciation thereon ₹ 44,000 was sold for ₹ 30,000. Calculate, the amount of new machinery purchased during the year.
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Fixed Assets
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