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Shivam purchased an old building for Rs. 50 lakhs. He demolished the building for the purpose of constructing shopping mall on the same site. Demolition cost was. Rs. 1 lakh. Construction cost of the mall was Rs. 35 lakhs. He inaugurated it and the inauguration cost was Rs. 50,000 Capital Expenditure was:
  • a)
    Rs. 86,00,000
  • b)
    Rs. 86,50,000
  • c)
    Rs. 85,00,000
  • d)
    Rs. 85,50,000
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Shivam purchased an old building for Rs. 50 lakhs. He demolished the b...
Calculation of Capital Expenditure:

1. Purchase of old building: Rs. 50 lakhs
2. Demolition cost: Rs. 1 lakh
3. Construction cost of shopping mall: Rs. 35 lakhs
4. Inauguration cost: Rs. 50,000

Therefore, the total capital expenditure is:

50 lakhs + 1 lakh + 35 lakhs + 50,000 = Rs. 86,00,000

Hence, the correct option is (a) Rs. 86,00,000.
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Community Answer
Shivam purchased an old building for Rs. 50 lakhs. He demolished the b...
5000000 + 100000 + 3500000 = 8600000
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Shivam purchased an old building for Rs. 50 lakhs. He demolished the building for the purpose of constructing shopping mall on the same site. Demolition cost was. Rs. 1 lakh. Construction cost of the mall was Rs. 35 lakhs. He inaugurated it and the inauguration cost was Rs. 50,000 Capital Expenditure was:a)Rs. 86,00,000b)Rs. 86,50,000c)Rs. 85,00,000d)Rs. 85,50,000Correct answer is option 'A'. Can you explain this answer?
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Shivam purchased an old building for Rs. 50 lakhs. He demolished the building for the purpose of constructing shopping mall on the same site. Demolition cost was. Rs. 1 lakh. Construction cost of the mall was Rs. 35 lakhs. He inaugurated it and the inauguration cost was Rs. 50,000 Capital Expenditure was:a)Rs. 86,00,000b)Rs. 86,50,000c)Rs. 85,00,000d)Rs. 85,50,000Correct answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Shivam purchased an old building for Rs. 50 lakhs. He demolished the building for the purpose of constructing shopping mall on the same site. Demolition cost was. Rs. 1 lakh. Construction cost of the mall was Rs. 35 lakhs. He inaugurated it and the inauguration cost was Rs. 50,000 Capital Expenditure was:a)Rs. 86,00,000b)Rs. 86,50,000c)Rs. 85,00,000d)Rs. 85,50,000Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Shivam purchased an old building for Rs. 50 lakhs. He demolished the building for the purpose of constructing shopping mall on the same site. Demolition cost was. Rs. 1 lakh. Construction cost of the mall was Rs. 35 lakhs. He inaugurated it and the inauguration cost was Rs. 50,000 Capital Expenditure was:a)Rs. 86,00,000b)Rs. 86,50,000c)Rs. 85,00,000d)Rs. 85,50,000Correct answer is option 'A'. Can you explain this answer?.
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