Numerical - Calculate purchase of fixed assets

Q.  The balance of fixed assets of Y Ltd. at cost at the end of 2013 and 2014 were Rs 5,70,800 and Rs 6,15,300. During the year 2014 a machinery costing Rs 60,000 was sold. Determine the purchase of fixed assets.
- Published on 14 Sep 15

a. Rs 1,04,500
b. Rs 1,40,500
c. Rs 1,64,500
d. None of the above

ANSWER: Rs 1,04,500

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    Discussion

  • Dr. L. Mythili   -Posted on 16 Sep 21
    Cost of goods sold=opening+purchase- closing
    60000=570800+purchase-615300
    Purchase=570800-615300-60000
    Purchase=104500
  • Dereje   -Posted on 16 Jul 21
    I realy want to know the explanation of the question

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