{"id":49558,"date":"2024-04-15T22:57:28","date_gmt":"2024-04-15T22:57:28","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=49558"},"modified":"2024-04-15T22:57:28","modified_gmt":"2024-04-15T22:57:28","slug":"furniture-of-book-value-of-rs-1500-was-sold-for-rs-600-and-the-new-fixture-of-rs-1000-was-purchased-and-carriage-of-rs-25-paid-the-amount-of-capital-expenditure-will-be","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/furniture-of-book-value-of-rs-1500-was-sold-for-rs-600-and-the-new-fixture-of-rs-1000-was-purchased-and-carriage-of-rs-25-paid-the-amount-of-capital-expenditure-will-be\/","title":{"rendered":"Furniture of book value of Rs. 1,500 was sold for Rs. 600 and the new fixture of Rs. 1,000 was purchased and carriage of Rs. 25 paid. The amount of capital expenditure will be:"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;Rs. 1,000&#8243; option2=&#8221;Rs. 1,025&#8243; option3=&#8221;Rs. 900&#8243; option4=&#8221;Rs. 1,500&#8243; correct=&#8221;option1&#8243;]<!--more--><\/p>\n<p>The correct answer is A. Rs. 1,000.<\/p>\n<p>The amount of capital expenditure is the cost of the new asset, which is Rs. 1,000. The sale of the old asset is not considered a capital expenditure, as it is not a new asset. The carriage paid is also not considered a capital expenditure, as it is a cost of bringing the new asset into use.<\/p>\n<p>Option B is incorrect, as it includes the sale proceeds of the old asset. Option C is incorrect, as it excludes the carriage paid. Option D is incorrect, as it includes the book value of the old asset.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;Rs. 1,000&#8243; option2=&#8221;Rs. 1,025&#8243; option3=&#8221;Rs. 900&#8243; option4=&#8221;Rs. 1,500&#8243; correct=&#8221;option1&#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-49558","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>Furniture of book value of Rs. 1,500 was sold for Rs. 600 and the new fixture of Rs. 1,000 was purchased and carriage of Rs. 25 paid. The amount of capital expenditure will be:<\/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\/furniture-of-book-value-of-rs-1500-was-sold-for-rs-600-and-the-new-fixture-of-rs-1000-was-purchased-and-carriage-of-rs-25-paid-the-amount-of-capital-expenditure-will-be\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Furniture of book value of Rs. 1,500 was sold for Rs. 600 and the new fixture of Rs. 1,000 was purchased and carriage of Rs. 25 paid. 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The amount of capital expenditure will be:","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\/furniture-of-book-value-of-rs-1500-was-sold-for-rs-600-and-the-new-fixture-of-rs-1000-was-purchased-and-carriage-of-rs-25-paid-the-amount-of-capital-expenditure-will-be\/","og_locale":"en_US","og_type":"article","og_title":"Furniture of book value of Rs. 1,500 was sold for Rs. 600 and the new fixture of Rs. 1,000 was purchased and carriage of Rs. 25 paid. The amount of capital expenditure will be:","og_description":"[amp_mcq option1=&#8221;Rs. 1,000&#8243; option2=&#8221;Rs. 1,025&#8243; option3=&#8221;Rs. 900&#8243; option4=&#8221;Rs. 1,500&#8243; correct=&#8221;option1&#8243;]","og_url":"https:\/\/exam.pscnotes.com\/mcq\/furniture-of-book-value-of-rs-1500-was-sold-for-rs-600-and-the-new-fixture-of-rs-1000-was-purchased-and-carriage-of-rs-25-paid-the-amount-of-capital-expenditure-will-be\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2024-04-15T22:57:28+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\/furniture-of-book-value-of-rs-1500-was-sold-for-rs-600-and-the-new-fixture-of-rs-1000-was-purchased-and-carriage-of-rs-25-paid-the-amount-of-capital-expenditure-will-be\/","url":"https:\/\/exam.pscnotes.com\/mcq\/furniture-of-book-value-of-rs-1500-was-sold-for-rs-600-and-the-new-fixture-of-rs-1000-was-purchased-and-carriage-of-rs-25-paid-the-amount-of-capital-expenditure-will-be\/","name":"Furniture of book value of Rs. 1,500 was sold for Rs. 600 and the new fixture of Rs. 1,000 was purchased and carriage of Rs. 25 paid. 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