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      Question

      ACB Ltd Financial Statement for 2021 include the

      following information:   There was no sales of property and equipment in the year, depreciation expenses for the year 2021 were Rs.300. Calculate fixed capital investment for 2021.
      A Rs.2200 Correct Answer Incorrect Answer
      B Rs.2100 Correct Answer Incorrect Answer
      C Rs.1900 Correct Answer Incorrect Answer
      D Rs.2000 Correct Answer Incorrect Answer
      E Rs.2500 Correct Answer Incorrect Answer

      Solution

      Fixed capital investment = ending property and equipment - beginning value of property and equipment + depreciation of the year 5300 – 3400 + 300 = 2200

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