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In this scenario, when an old machine is exchanged for a new machine and cash is also involved, the historical cost of the new machine is calculated as follows: Fair Value of Old Machine + Cash Paid The fair value of the old machine is ₹1,50,000, and cash paid is ₹20,000. So, the historical cost of the new machine will be: ₹1,50,000 (Fair Value of Old Machine) + ₹20,000 (Cash Paid) = ₹1,70,000 Therefore, the historical cost of the new machine is ₹1,70,000.
The Directive Principles of State Policy in the Indian Constitution were inspired by the Constitution of which country?
Which Act ended the monopoly of the East India Company in India under British rule?
Which of the following articles of the Indian Constitution pertains to the "High Courts for States"?
Which article of the Indian Constitution deals with the 'Proclamation of Emergency'?
Rajya Sabha, being a permanent House, sees one-third of its members retire after how many years?
Which of the following is a feature of the financial emergency provisions under the Indian Constitution?
The concept of ‘Directive Principles of State Policy’ in the Indian Constitution is borrowed from which country’s constitution.
Which schedule of the Indian Constitution contains the forms of oath and affirmation?
From which country was the concept of Fundamental Duties in the Indian Constitution borrowed?
The 'Fundamental Duties' of citizens are enshrined in which part of the Indian Constitution?