Mr Sachin Tendulkar's New Business Assets



Mr Sachin Tendulkar started a new business on 1st April 2016 with various assets. This response will provide a detailed explanation of those assets.



- Mr Sachin Tendulkar's business began with land and building assets worth 60000.
- This asset is considered a fixed asset and is recorded on the balance sheet at its cost less accumulated depreciation.
- Land is a non-depreciable asset, and the building is a depreciable asset.



- The machinery asset is worth 40000.
- This asset falls under the category of fixed assets.
- Machinery is a depreciable asset and is recorded on the balance sheet at its cost less accumulated depreciation.



- The furniture asset is worth 15000.
- This asset is also considered a fixed asset and is recorded on the balance sheet at its cost less accumulated depreciation.
- Furniture is a depreciable asset.



- The stock of goods asset is worth 20000.
- This asset is considered a current asset and is recorded on the balance sheet at its cost or net realizable value, whichever is lower.
- Stock of goods is a non-depreciable asset.



- The motor car asset is worth 25000.
- This asset falls under the category of fixed assets.
- Motor cars are considered depreciable assets and are recorded on the balance sheet at their cost less accumulated depreciation.



- The cash asset is worth 20000, and the bank asset is worth 35000.
- These assets are considered current assets and are recorded on the balance sheet at their face value.



In conclusion, Mr Sachin Tendulkar's new business began with various assets, including land and building, machinery, furniture, stock of goods, motor car, cash, and bank. These assets are recorded on the balance sheet at their respective cost or face value, as well as accumulated depreciation (if applicable).