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Mohan purchased a machinery amounting Rs. 10,00,000 on 1st April, 2001. On 31st March, 2011, similar machinery could be purchased for Rs. 20,00,000 but the realizable value of the machinery (purchased on 1.4.2001) was estimated at Rs. 15,00,000. The present discounted value of the future net cash inflows that the machinery was expected to generate in the normal course of business, was calculated as Rs. 12,00,000.
Q. The historical cost of machinery is:
Q. The historical cost of machinery is:
- a)Rs. 10,00,000
- b)Rs. 20,00,000
- c)Rs. 15,00,000
- d)Rs. 12,00,000
Correct answer is option 'A'. Can you explain this answer?
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Most Upvoted Answer
Mohan purchased a machinery amounting Rs. 10,00,000 on 1stApril, 2001....
Answer:
Historical Cost of Machinery
The historical cost of machinery is the amount paid to acquire the machinery. In this case, Mohan purchased the machinery for Rs. 10,00,000 on 1st April 2001. Hence, the historical cost of machinery is Rs. 10,00,000.
Explanation:
The question provides the following information:
- Mohan purchased a machinery amounting Rs. 10,00,000 on 1st April, 2001.
- On 31st March, 2011, similar machinery could be purchased for Rs. 20,00,000.
- The realizable value of the machinery (purchased on 1.4.2001) was estimated at Rs. 15,00,000.
- The present discounted value of the future net cash inflows that the machinery was expected to generate in the normal course of business, was calculated as Rs. 12,00,000.
From the above information, we can calculate the following:
- The machinery purchased on 1st April, 2001 has a historical cost of Rs. 10,00,000.
- The machinery purchased on 31st March, 2011 has a cost of Rs. 20,00,000.
- The realizable value of the machinery purchased on 1st April, 2001 is Rs. 15,00,000.
- The present discounted value of the future net cash inflows that the machinery was expected to generate in the normal course of business is Rs. 12,00,000.
Based on the above information, we can conclude that the historical cost of machinery is Rs. 10,00,000. This is because the historical cost is the amount paid to acquire the machinery, which in this case is Rs. 10,00,000.
Historical Cost of Machinery
The historical cost of machinery is the amount paid to acquire the machinery. In this case, Mohan purchased the machinery for Rs. 10,00,000 on 1st April 2001. Hence, the historical cost of machinery is Rs. 10,00,000.
Explanation:
The question provides the following information:
- Mohan purchased a machinery amounting Rs. 10,00,000 on 1st April, 2001.
- On 31st March, 2011, similar machinery could be purchased for Rs. 20,00,000.
- The realizable value of the machinery (purchased on 1.4.2001) was estimated at Rs. 15,00,000.
- The present discounted value of the future net cash inflows that the machinery was expected to generate in the normal course of business, was calculated as Rs. 12,00,000.
From the above information, we can calculate the following:
- The machinery purchased on 1st April, 2001 has a historical cost of Rs. 10,00,000.
- The machinery purchased on 31st March, 2011 has a cost of Rs. 20,00,000.
- The realizable value of the machinery purchased on 1st April, 2001 is Rs. 15,00,000.
- The present discounted value of the future net cash inflows that the machinery was expected to generate in the normal course of business is Rs. 12,00,000.
Based on the above information, we can conclude that the historical cost of machinery is Rs. 10,00,000. This is because the historical cost is the amount paid to acquire the machinery, which in this case is Rs. 10,00,000.
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Community Answer
Mohan purchased a machinery amounting Rs. 10,00,000 on 1stApril, 2001....
Answer is a kyonki book value of machinery is 1 lakh
h or inflow or realised value se historical cost pe koi effect nhi hota h
h or inflow or realised value se historical cost pe koi effect nhi hota h
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Mohan purchased a machinery amounting Rs. 10,00,000 on 1stApril, 2001. On 31stMarch, 2011, similar machinery could be purchased for Rs. 20,00,000 but the realizable value of the machinery (purchased on 1.4.2001) was estimated at Rs. 15,00,000. The present discounted value of the future net cash inflows that the machinery was expected to generate in the normal course of business, was calculated as Rs. 12,00,000.Q. The historical cost of machinery is:a)Rs. 10,00,000b)Rs. 20,00,000c)Rs. 15,00,000d)Rs. 12,00,000Correct answer is option 'A'. Can you explain this answer?
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Mohan purchased a machinery amounting Rs. 10,00,000 on 1stApril, 2001. On 31stMarch, 2011, similar machinery could be purchased for Rs. 20,00,000 but the realizable value of the machinery (purchased on 1.4.2001) was estimated at Rs. 15,00,000. The present discounted value of the future net cash inflows that the machinery was expected to generate in the normal course of business, was calculated as Rs. 12,00,000.Q. The historical cost of machinery is:a)Rs. 10,00,000b)Rs. 20,00,000c)Rs. 15,00,000d)Rs. 12,00,000Correct 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 Mohan purchased a machinery amounting Rs. 10,00,000 on 1stApril, 2001. On 31stMarch, 2011, similar machinery could be purchased for Rs. 20,00,000 but the realizable value of the machinery (purchased on 1.4.2001) was estimated at Rs. 15,00,000. The present discounted value of the future net cash inflows that the machinery was expected to generate in the normal course of business, was calculated as Rs. 12,00,000.Q. The historical cost of machinery is:a)Rs. 10,00,000b)Rs. 20,00,000c)Rs. 15,00,000d)Rs. 12,00,000Correct 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 Mohan purchased a machinery amounting Rs. 10,00,000 on 1stApril, 2001. On 31stMarch, 2011, similar machinery could be purchased for Rs. 20,00,000 but the realizable value of the machinery (purchased on 1.4.2001) was estimated at Rs. 15,00,000. The present discounted value of the future net cash inflows that the machinery was expected to generate in the normal course of business, was calculated as Rs. 12,00,000.Q. The historical cost of machinery is:a)Rs. 10,00,000b)Rs. 20,00,000c)Rs. 15,00,000d)Rs. 12,00,000Correct answer is option 'A'. Can you explain this answer?.
Mohan purchased a machinery amounting Rs. 10,00,000 on 1stApril, 2001. On 31stMarch, 2011, similar machinery could be purchased for Rs. 20,00,000 but the realizable value of the machinery (purchased on 1.4.2001) was estimated at Rs. 15,00,000. The present discounted value of the future net cash inflows that the machinery was expected to generate in the normal course of business, was calculated as Rs. 12,00,000.Q. The historical cost of machinery is:a)Rs. 10,00,000b)Rs. 20,00,000c)Rs. 15,00,000d)Rs. 12,00,000Correct 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 Mohan purchased a machinery amounting Rs. 10,00,000 on 1stApril, 2001. On 31stMarch, 2011, similar machinery could be purchased for Rs. 20,00,000 but the realizable value of the machinery (purchased on 1.4.2001) was estimated at Rs. 15,00,000. The present discounted value of the future net cash inflows that the machinery was expected to generate in the normal course of business, was calculated as Rs. 12,00,000.Q. The historical cost of machinery is:a)Rs. 10,00,000b)Rs. 20,00,000c)Rs. 15,00,000d)Rs. 12,00,000Correct 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 Mohan purchased a machinery amounting Rs. 10,00,000 on 1stApril, 2001. On 31stMarch, 2011, similar machinery could be purchased for Rs. 20,00,000 but the realizable value of the machinery (purchased on 1.4.2001) was estimated at Rs. 15,00,000. The present discounted value of the future net cash inflows that the machinery was expected to generate in the normal course of business, was calculated as Rs. 12,00,000.Q. The historical cost of machinery is:a)Rs. 10,00,000b)Rs. 20,00,000c)Rs. 15,00,000d)Rs. 12,00,000Correct answer is option 'A'. Can you explain this answer?.
Solutions for Mohan purchased a machinery amounting Rs. 10,00,000 on 1stApril, 2001. On 31stMarch, 2011, similar machinery could be purchased for Rs. 20,00,000 but the realizable value of the machinery (purchased on 1.4.2001) was estimated at Rs. 15,00,000. The present discounted value of the future net cash inflows that the machinery was expected to generate in the normal course of business, was calculated as Rs. 12,00,000.Q. The historical cost of machinery is:a)Rs. 10,00,000b)Rs. 20,00,000c)Rs. 15,00,000d)Rs. 12,00,000Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
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Here you can find the meaning of Mohan purchased a machinery amounting Rs. 10,00,000 on 1stApril, 2001. On 31stMarch, 2011, similar machinery could be purchased for Rs. 20,00,000 but the realizable value of the machinery (purchased on 1.4.2001) was estimated at Rs. 15,00,000. The present discounted value of the future net cash inflows that the machinery was expected to generate in the normal course of business, was calculated as Rs. 12,00,000.Q. The historical cost of machinery is:a)Rs. 10,00,000b)Rs. 20,00,000c)Rs. 15,00,000d)Rs. 12,00,000Correct answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Mohan purchased a machinery amounting Rs. 10,00,000 on 1stApril, 2001. On 31stMarch, 2011, similar machinery could be purchased for Rs. 20,00,000 but the realizable value of the machinery (purchased on 1.4.2001) was estimated at Rs. 15,00,000. The present discounted value of the future net cash inflows that the machinery was expected to generate in the normal course of business, was calculated as Rs. 12,00,000.Q. The historical cost of machinery is:a)Rs. 10,00,000b)Rs. 20,00,000c)Rs. 15,00,000d)Rs. 12,00,000Correct answer is option 'A'. Can you explain this answer?, a detailed solution for Mohan purchased a machinery amounting Rs. 10,00,000 on 1stApril, 2001. On 31stMarch, 2011, similar machinery could be purchased for Rs. 20,00,000 but the realizable value of the machinery (purchased on 1.4.2001) was estimated at Rs. 15,00,000. The present discounted value of the future net cash inflows that the machinery was expected to generate in the normal course of business, was calculated as Rs. 12,00,000.Q. The historical cost of machinery is:a)Rs. 10,00,000b)Rs. 20,00,000c)Rs. 15,00,000d)Rs. 12,00,000Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of Mohan purchased a machinery amounting Rs. 10,00,000 on 1stApril, 2001. On 31stMarch, 2011, similar machinery could be purchased for Rs. 20,00,000 but the realizable value of the machinery (purchased on 1.4.2001) was estimated at Rs. 15,00,000. The present discounted value of the future net cash inflows that the machinery was expected to generate in the normal course of business, was calculated as Rs. 12,00,000.Q. The historical cost of machinery is:a)Rs. 10,00,000b)Rs. 20,00,000c)Rs. 15,00,000d)Rs. 12,00,000Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Mohan purchased a machinery amounting Rs. 10,00,000 on 1stApril, 2001. On 31stMarch, 2011, similar machinery could be purchased for Rs. 20,00,000 but the realizable value of the machinery (purchased on 1.4.2001) was estimated at Rs. 15,00,000. The present discounted value of the future net cash inflows that the machinery was expected to generate in the normal course of business, was calculated as Rs. 12,00,000.Q. The historical cost of machinery is:a)Rs. 10,00,000b)Rs. 20,00,000c)Rs. 15,00,000d)Rs. 12,00,000Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
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