Nitin acquired a machine in exchange of an old machine and paid ₹ 20,000 in cash. The carrying amount of the old machine was ₹ 2,00,000 whereas its fair value was ₹ 1,50,000 on the date of exchange. The historical cost of the new machine will be taken as:
In this scenario, when an old machine is exchanged for a new machine and cash is also involved, the historical cost of the new machine is calculated as follows: Fair Value of Old Machine + Cash Paid The fair value of the old machine is ₹1,50,000, and cash paid is ₹20,000. So, the historical cost of the new machine will be: ₹1,50,000 (Fair Value of Old Machine) + ₹20,000 (Cash Paid) = ₹1,70,000 Therefore, the historical cost of the new machine is ₹1,70,000.
In each question below are given three statements followed by three conclusions numbered I, II and III. You have to take the two given statements to be...
In the question below some statements are given followed by three conclusions I, II, and III. You have to take the given statements to be true even if ...
Statements:
All Maggie are Pasta
All Pasta are Ketchup
All Ketchup are Sauce
Conclusions:
I) Some Maggie are K...
Statements:
Some dogs are lions.
All lions are tigers.
All lions are leopards.
No leopard is a monkey.
Conclusions...
Statements: Some guitars are harmoniums.
No harmonium is a sitar.
Conclusions: I. Some guitars are not sitars.
II. Some sitars ar...
Statement:
Some Boat are Stream
Few Stream are Captain
Only a few Captain are Boat
Conclusion:
I. Some B...
Statements: All TVs are laptops.
Some laptops are computers.
All computers are keyboards.
Conclusions: I. Some TVs may be compute...
Statement:
Some doors are tables
Only tables are benches
Only a few tables are windows
No door is clock
Conclusion:
Statements:
Some Mars are Planets.
Some Planets are not Stars.
Some Stars are Bright.
Conclusions:
I. Some Bri...
In the following question below are given some statements followed by some conclusions based on those statements. Taking the given statements to be tru...
