{"id":44399,"date":"2024-04-15T21:43:12","date_gmt":"2024-04-15T21:43:12","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=44399"},"modified":"2024-04-15T21:43:12","modified_gmt":"2024-04-15T21:43:12","slug":"a-plant-was-purchased-on-1st-january-1999-it-was-depreciated-at-the-rate-of-12-p","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/a-plant-was-purchased-on-1st-january-1999-it-was-depreciated-at-the-rate-of-12-p\/","title":{"rendered":"A plant was purchased on 1st January 1999. It was depreciated at the rate of 12% P."},"content":{"rendered":"<p>[amp_mcq option1=&#8221;by diminishing balance method. It was sold on 31st March 2001 when its depreciated value was Rs. 1,50,234. What was its value on 1st January 1999. A. Rs. 1,80,000&#8243; option2=&#8221;Rs. 1,90,000&#8243; option3=&#8221;Rs. 2,00,000&#8243; option4=&#8221;None of the above&#8221; correct=&#8221;option4&#8243;]<!--more--><\/p>\n<p>The correct answer is D. None of the above.<\/p>\n<p>The value of the plant on 1st January 1999 cannot be determined from the information given. The question states that the plant was depreciated at the rate of 12% P.A. by diminishing balance method, but it does not state the original cost of the plant. The depreciated value of the plant on 31st March 2001 is also given, but this information is not enough to determine the original cost of the plant.<\/p>\n<p>To determine the original cost of the plant, we would need to know the following information:<\/p>\n<ul>\n<li>The original cost of the plant<\/li>\n<li>The rate of depreciation<\/li>\n<li>The number of years that the plant was depreciated<\/li>\n<\/ul>\n<p>With this information, we could calculate the depreciated value of the plant at any point in time. However, without this information, we cannot determine the original cost of the plant.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;by diminishing balance method. It was sold on 31st March 2001 when its depreciated value was Rs. 1,50,234. What was its value on 1st January 1999. A. Rs. 1,80,000&#8243; option2=&#8221;Rs. 1,90,000&#8243; option3=&#8221;Rs. 2,00,000&#8243; option4=&#8221;None of the above&#8221; correct=&#8221;option4&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[85],"tags":[],"class_list":["post-44399","post","type-post","status-publish","format-standard","hentry","category-accounting","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>A plant was purchased on 1st January 1999. It was depreciated at the rate of 12% P.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/a-plant-was-purchased-on-1st-january-1999-it-was-depreciated-at-the-rate-of-12-p\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A plant was purchased on 1st January 1999. It was depreciated at the rate of 12% P.\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;by diminishing balance method. It was sold on 31st March 2001 when its depreciated value was Rs. 1,50,234. What was its value on 1st January 1999. A. Rs. 1,80,000&#8243; option2=&#8221;Rs. 1,90,000&#8243; option3=&#8221;Rs. 2,00,000&#8243; option4=&#8221;None of the above&#8221; correct=&#8221;option4&#8243;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/a-plant-was-purchased-on-1st-january-1999-it-was-depreciated-at-the-rate-of-12-p\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-15T21:43:12+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"A plant was purchased on 1st January 1999. It was depreciated at the rate of 12% P.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/a-plant-was-purchased-on-1st-january-1999-it-was-depreciated-at-the-rate-of-12-p\/","og_locale":"en_US","og_type":"article","og_title":"A plant was purchased on 1st January 1999. It was depreciated at the rate of 12% P.","og_description":"[amp_mcq option1=&#8221;by diminishing balance method. It was sold on 31st March 2001 when its depreciated value was Rs. 1,50,234. What was its value on 1st January 1999. A. Rs. 1,80,000&#8243; option2=&#8221;Rs. 1,90,000&#8243; option3=&#8221;Rs. 2,00,000&#8243; option4=&#8221;None of the above&#8221; correct=&#8221;option4&#8243;]","og_url":"https:\/\/exam.pscnotes.com\/mcq\/a-plant-was-purchased-on-1st-january-1999-it-was-depreciated-at-the-rate-of-12-p\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2024-04-15T21:43:12+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/a-plant-was-purchased-on-1st-january-1999-it-was-depreciated-at-the-rate-of-12-p\/","url":"https:\/\/exam.pscnotes.com\/mcq\/a-plant-was-purchased-on-1st-january-1999-it-was-depreciated-at-the-rate-of-12-p\/","name":"A plant was purchased on 1st January 1999. 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