Question

uUIUIT NO. 2
• Land & Building Rs.
200000 Depreciation Reserve
Rs. 50000 10% Depreciation
charge, Land & building
value stood in Balance sheet
?
Answer
A. Rs. 90000
B. Rs. 85000
C.
Rs. 200000
n
De amoon​

Answer 1

Answer:

I don't know the answer sorry

Answer 2

Option C i.e., Rs. 200000 is the correct option.

Explanation:

Given:

• Value of Land & Building $Rs. 200000$
• Depreciation Reserve kept $Rs. 50000$
• Depreciation  charge is assumed $10\%$

To find:

The Land & building  value in Balance sheet stood at $?$

Solution:

Depreciation in value of Land & Building $= 10\%\;of\;Rs.\;200000\;=\;Rs.\;20000$

Since Depreciation is less than Depreciation reserved, the value of land and building will not change in Balance sheet.

Thus, Option C i.e., Rs. 200000 is the correct option. And rest all options are incorrect.