Advanced AccountingMCQQuestion 5895 of 302
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1. What will be the carrying amount of the Machine as on 31st March, 2021 after charging depreciation for the year?

Select Your Answer (Keyboard: A, B, C, D)
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Correct Answer

✅ Option A — ₹ 28,00,000

All Options:

  • A₹ 28,00,000 ✓
  • B₹ 26,00,000
  • C₹ 41,00,000
  • D₹ 29,00,000

Detailed Solution & Explanation

Correct Answer: Option **A** Explanation: As per the official suggested answer, option **A** is correct. Hence, **Option A** is the correct answer.

Key Concepts to Understand

Depreciation

Allocation of the cost of a tangible fixed asset over its useful life due to wear and tear, efflux of time, or obsolescence.

More Questions from Advanced Accounting

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If the ratio of two numbers is $7:11.If\displaystyle . If7$ is added to each number then the new ratio will be $2:3$ then the numbers are.

If x:y=z:7=4:11\displaystyle x:y=z:7=4:11 then x+y+zz\displaystyle x+y+zz\displaystyle \frac{x+y+z}{z} is

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If A:B=3:7\displaystyle A:B=3:7, then $3a+2b:4a+5b=?$

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