it is not added it is subtracted - pls look at it carefully

Sriram Somayajula

Admin

26-Aug-20 18:33

Yes.but why the original cost given in balance sheet is not taken ?

anamika vardhan

CA Inter

★ 1K+

26-Aug-20 18:37

The closing balance of the asset is 70.12(cost given in question) and the depreciation thereof is 0.78 which makes the opening balance 70.9 Thus Fixed asset balance in balance sheet(in Solution) 70.12 + 155.7 = 225.82

Lavanya Chitturi

Moderator

26-Aug-20 22:01