| (i) | A major repair for office building was done for Rs.80,000 on 01.10.2019 was debited as office expense account. Average profit will be: | (a) | 2,92,000 |
| (ii) | A major repair for office building was done for Rs.80,000 on 01.10.2019 was debited as office expense account. Depreciation on building is 10% p.a. on original cost. Average profit will be: | (b) | 2,91,200 |
| (iii) | A major repair for office building was done for Rs.80,000 on 01.10.2019 was debited as office expense account. Depreciation on building is 10% p.a. on Written Down Value. Average profit will be: | (c) | 2,92,100 |
| (iv) | A major repair for office building was done for Rs.80,000 on 01.04.2019 was debited as office expense account. Depreciation on building is 10% p.a. on Written down value. Average profit will be: | (d) | 2,95,000 |
A) (i)-c; (ii)-a; (iii)-d; (iv)-b
B) (i)-b; (ii)-c; (iii)-d; (iv)-a
C) (i)-d; (ii)-a; (iv)-c; (iv)-b
D) (i)-c; (ii)-a; (iii)-b; (iv)-d
Correct Answer: C
Solution :
(i)-d; (ii)-a; (iv)-c; (iv)-b
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