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:
A. Rs. 1,10,000
B. Rs. 1,80,008
C. Rs. 2,05,000
D. Rs. 2,20,000
Answer: Option A
This Question Belongs to Commerce >> Accounting
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