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If an asset has a cost of ₹5,00,000 and accumulated depreciation of ₹2,00,000, its carrying amount before considering im...

Type: MCQ • Marks: 1
If an asset has a cost of ₹5,00,000 and accumulated depreciation of ₹2,00,000, its carrying amount before considering impairment or other adjustments is:
Options
A. 200000
B. 300000
C. 500000
D. 700000
Explanation
Carrying amount = Cost − Accumulated depreciation = ₹5,00,000 − ₹2,00,000 = ₹3,00,000.
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UPSC Principal & Vice Principal Management Finance Administration

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