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    Question

    ACB Ltd Financial Statement for 2021 include the following information:

     

    There was no sales of property and equipment in the year, depreciation expenses for the year 2021 were Rs.300. Calculate fixed capital investment for 2021.

    A Rs.2200 Correct Answer Incorrect Answer
    B Rs.2100 Correct Answer Incorrect Answer
    C Rs.1900 Correct Answer Incorrect Answer
    D Rs.2000 Correct Answer Incorrect Answer
    E Rs.2500 Correct Answer Incorrect Answer

    Solution

    Fixed capital investment = ending property and equipment - beginning value of property and equipment + depreciation of the year 5300 – 3400 + 300 = 2200

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