IndigoLearn
anamika vardhan

anamika vardhan

CA Inter

885

26-Aug-20 18:26

13

Banking co.

How come the fixed asset is added with the depreciation amount in this problem ?

Attachments

IMG_20200826_182600.jpg

IMG_20200826_182617.jpg

Answers (3)

Sriram Somayajula

Sriram Somayajula

Admin

26-Aug-20 18:33

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

anamika vardhan

anamika vardhan

CA Inter

885

26-Aug-20 18:37

Sriram Somayajula

Sriram Somayajula

Admin

26-Aug-20 18:33


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

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

Lavanya Chitturi

Lavanya Chitturi

Moderator

26-Aug-20 22:01

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