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Fixed Assets (Net) 31st December 1994 = Rs 1 50 000...

This question belongs to Commerce Accounting
Accounting
?

Fixed Assets (Net):
31st December,1994 = Rs. 1,50,000
31st December, 1995 = Rs. 1,90,000
Provision for depreciation:
A machine costing Rs. 70,000 (book value Rs. 40,000) was disposed for Rs. 25,000 during the year 1995
The application of funds in respect of fixed assets during the year is:

Answer & Solution
Correct Answer: Option A
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