{"id":54375,"date":"2024-04-16T00:09:07","date_gmt":"2024-04-16T00:09:07","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=54375"},"modified":"2024-04-16T00:09:07","modified_gmt":"2024-04-16T00:09:07","slug":"fixed-assets-net-31st-december1994-rs-150000-31st-december-1995-rs-190000-provision-for-depreciation-a-machine-costing-rs-70000-book-value-rs-40000-was-disposed-for-rs-25000-du","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/fixed-assets-net-31st-december1994-rs-150000-31st-december-1995-rs-190000-provision-for-depreciation-a-machine-costing-rs-70000-book-value-rs-40000-was-disposed-for-rs-25000-du\/","title":{"rendered":"Fixed Assets (Net): 31st December,1994 = Rs. 1,50,000 31st December, 1995 = Rs. 1,90,000 Provision for depreciation: A machine costing Rs. 70,000 (book value Rs. 40,000) was disposed for Rs. 25,000 during the year 1995 The application of funds in respect of fixed assets during the year is:"},"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_6a97910582f27\">\r\n                                            <div class=\"option\" data-option-key=\"option1\" data-is-correct=\"false\">\r\n                    Rs. 1,10,000                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option2\" data-is-correct=\"false\">\r\n                    Rs. 1,80,008                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option3\" data-is-correct=\"true\">\r\n                    Rs. 2,05,000                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option4\" data-is-correct=\"false\">\r\n                    Rs. 2,20,000                <\/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: C. Rs. 2,05,000<\/p>\n<p>Explanation:<\/p>\n<p>The application of funds in respect of fixed assets during the year is calculated as follows:<\/p>\n<p>= Increase in fixed assets during the year<br \/>\n&#8211; Disposal of fixed assets during the year<\/p>\n<p>= (190000 &#8211; 150000)<br \/>\n&#8211; (70000 &#8211; 40000 + 25000)<\/p>\n<p>= 205000<\/p>\n<p>Therefore, the application of funds in respect of fixed assets during the year is Rs. 2,05,000.<\/p>\n<p>Each option is explained below:<\/p>\n<ul>\n<li>Option A: Rs. 1,10,000. This is the amount of depreciation charged during the year. However, this is not the application of funds. The application of funds is the amount of money spent on fixed assets during the year.<\/li>\n<li>Option B: Rs. 1,80,008. This is the sum of the increase in fixed assets during the year and the disposal of fixed assets during the year. However, this is not the application of funds. The application of funds is the amount of money spent on fixed assets during the year.<\/li>\n<li>Option C: Rs. 2,05,000. This is the correct answer. It is the amount of money spent on fixed assets during the year.<\/li>\n<li>Option D: Rs. 2,20,000. This is the sum of the increase in fixed assets during the year and <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> the disposal of fixed assets during the year, plus the depreciation charged during the year. However, this is not the application of funds. The application of funds is the amount of money spent on fixed assets during the year.<\/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>Fixed Assets (Net): 31st December,1994 = Rs. 1,50,000 31st December, 1995 = Rs. 1,90,000 Provision for depreciation: A machine costing Rs. 70,000 (book value Rs. 40,000) was disposed for Rs. 25,000 during the year 1995 The application of funds in respect of fixed assets during the year is:<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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25,000 during the year 1995 The application of funds in respect of fixed assets during the year is:","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\/fixed-assets-net-31st-december1994-rs-150000-31st-december-1995-rs-190000-provision-for-depreciation-a-machine-costing-rs-70000-book-value-rs-40000-was-disposed-for-rs-25000-du\/","og_locale":"en_US","og_type":"article","og_title":"Fixed Assets (Net): 31st December,1994 = Rs. 1,50,000 31st December, 1995 = Rs. 1,90,000 Provision for depreciation: A machine costing Rs. 70,000 (book value Rs. 40,000) was disposed for Rs. 25,000 during the year 1995 The application of funds in respect of fixed assets during the year is:","og_description":"Join Our Telegram Channel Subscribe on 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31st December,1994 = Rs. 1,50,000 31st December, 1995 = Rs. 1,90,000 Provision for depreciation: A machine costing Rs. 70,000 (book value Rs. 40,000) was disposed for Rs. 25,000 during the year 1995 The application of funds in respect of fixed assets during the year 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