Hello friends, Doubt in one question.

Mr. Subham Pramanick

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Sep 24, 2021, 1:36:19 AM9/24/21

to Discussion forum for Financial Accounting

Hi there,

I knew that to calculate fixed assets, we can use:

Gross Fixed Assets (or Gross Block) – Accumulated Depreciation.

Using this formula I am getting 25912.24, but the answer says 30497.80.

Is there any other formula to calculate fixed assets?
Fixed asset question.JPG

NOC21 MG75

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Sep 24, 2021, 1:46:04 PM9/24/21

to Discussion forum for Financial Accounting, Mr. Subham Pramanick

Dear participant

We can calculate Fixed assets = Gross block+ Capital WIP - Accum. Depreciation. From the above data, We can get the answer ( 42287.19+4585.56- 16374.95= 30497.8).

where did you get this question and In which assignment? Please clarify

Thanks & Regards

Mr. Subham Pramanick

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Sep 25, 2021, 2:17:52 AM9/25/21

to Discussion forum for Financial Accounting, noc21...@nptel.iitm.ac.in, Mr. Subham Pramanick

Thank you, Sir.

I got this question from NPTEL archive files of the previous year's assignment, week 2.

NOC21 MG75

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Sep 25, 2021, 2:22:19 AM9/25/21

to Discussion forum for Financial Accounting, Mr. Subham Pramanick, NOC21 MG75

Yeah fine.

Thank you

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