Following are the details of the fixed assets of ABC Trading Organization. Particulars Block 'D' Opening WDV Rs 600,000 New addition during the year:…
BBA Taxation and Auditing · 2025 · Solved Question with Answer
Following are the details of the fixed assets of ABC Trading Organization.
| Particulars | Block 'D' |
| Opening WDV | Rs 600,000 |
| New addition during the year: | |
| • on 1st Marg | Rs 100,000 |
| • on 15th Falgun | Rs 120,000 |
| • on 20th Jestha | Rs 180,000 |
| Disposal value during the year book value Rs 10,000 | Rs 20,000 |
| Repairs and maintenance during the year | Rs 60,000 |
Required:
a. Allowable depreciation and repairs and maintenance
b. Value of fixed assets at the end of the fiscal year.