{"id":44861,"date":"2024-04-15T21:49:48","date_gmt":"2024-04-15T21:49:48","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=44861"},"modified":"2024-04-15T21:49:48","modified_gmt":"2024-04-15T21:49:48","slug":"the-cost-of-the-motor-car-as-on-1st-january-1987-is-rs-70000-the-rate-of-depreciation-is-10-p","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/the-cost-of-the-motor-car-as-on-1st-january-1987-is-rs-70000-the-rate-of-depreciation-is-10-p\/","title":{"rendered":"The cost of the motor car as on 1st January 1987 is Rs. 70,000. The rate of depreciation is 10% P."},"content":{"rendered":"<p>\r\n    <!-- Check if it's an AMP page -->\r\n            <!-- Non-AMP version -->\r\n        <div class=\"mcq-container\" data-quiz-id=\"quizState_6a9832c7190f1\">\r\n                                            <div class=\"option\" data-option-key=\"option1\" data-is-correct=\"true\">\r\n                    The balance of motor car on 1st January 1991 by fixed installation method and by written down value method will be A. Rs. 42,000, Rs. 45,927                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option2\" data-is-correct=\"false\">\r\n                    Rs. 45,927, Rs. 47,526                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option3\" data-is-correct=\"false\">\r\n                    Rs. 35,000, Rs. 39,415                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option4\" data-is-correct=\"false\">\r\n                    Rs. 45,927, Rs. 48,718                <\/div>\r\n                            \r\n            <!-- Feedback messages for non-AMP -->\r\n            <div class=\"feedback\" data-feedback=\"wrong\">Answer is Right!<\/div>\r\n            <div class=\"feedback\" data-feedback=\"right\">Answer is Wrong!<\/div>\r\n        <\/div>\r\n\r\n        <script>\r\n        document.addEventListener('DOMContentLoaded', function () {\r\n            var containers = document.querySelectorAll('.mcq-container');\r\n\r\n            containers.forEach(function(container) {\r\n                var options = container.querySelectorAll('.option');\r\n                var feedbackSelect = container.querySelector('[data-feedback=\"select\"]');\r\n                var feedbackWrong = container.querySelector('[data-feedback=\"wrong\"]');\r\n                var feedbackRight = container.querySelector('[data-feedback=\"right\"]');\r\n\r\n                options.forEach(function(option) {\r\n                    option.addEventListener('click', function() {\r\n                        var selectedOption = option.getAttribute('data-option-key');\r\n                        var isCorrect = option.getAttribute('data-is-correct') === 'true';\r\n\r\n                        \/\/ Remove previous selections\r\n                        options.forEach(function(opt) {\r\n                            opt.classList.remove('correct', 'incorrect');\r\n                        });\r\n\r\n                        \/\/ Add the correct\/incorrect class\r\n                        if (isCorrect) {\r\n                            option.classList.add('correct');\r\n                            feedbackRight.hidden = false;\r\n                            feedbackWrong.hidden = true;\r\n                        } else {\r\n                            option.classList.add('incorrect');\r\n                            feedbackRight.hidden = true;\r\n                            feedbackWrong.hidden = false;\r\n                        }\r\n\r\n                        \/\/ Hide select feedback\r\n                        feedbackSelect.hidden = true;\r\n                    });\r\n                });\r\n            });\r\n        });\r\n        <\/script>\r\n    \r\n    <!--more--><\/p>\n<p>The correct answer is:<\/p>\n<ul>\n<li>Fixed installment method: Rs. 42,000<\/li>\n<li>Written down value method: Rs. 45,927<\/li>\n<\/ul>\n<p>Here is a brief explanation of each method:<\/p>\n<ul>\n<li>Fixed installment method: In this method, the depreciation is calculated on the original cost of the asset and is the same for each year of the asset&#8217;s life. In this case, the depreciation for each year would be Rs. 70,000 x 10% = Rs. 7,000. The balance of the motor car on 1st January 1991 would be Rs. 70,000 &#8211; (7,000 x 4) = Rs. 42,000.<\/li>\n<li>Written down value method: In this method, the depreciation is calculated on the written down value of the asset, which is the original cost of the asset less the depreciation that has already been charged. In this case, the depreciation for the first year would be Rs. 70,000 x 10% = Rs. 7,000. The written down value of the asset at the end of the first year would be Rs. 70,000 &#8211; Rs. 7,000 = Rs. 63,000. The depreciation for the second year would be Rs. 63,000 <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n     <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div>        <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> x 10% = Rs. 6,300. The written down value of the asset at the end of the second year would be Rs. 63,000 &#8211; Rs. 6,300 = Rs. 56,700. The depreciation for the third year would be Rs. 56,700 x 10% = Rs. 5,670. The written down value of the asset at the end of the third year would be Rs. 56,700 &#8211; Rs. 5,670 = Rs. 51,030. The depreciation for the fourth year would be Rs. 51,030 x 10% = Rs. 5,103. The written down value of the asset at the end of the fourth year would be Rs. 51,030 &#8211; Rs. 5,103 = Rs. 45,927.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Join Our Telegram Channel Subscribe on YouTube<\/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":[],"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>The cost of the motor car as on 1st January 1987 is Rs. 70,000. 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