Solved: Vatika group paid rs90000 in cash for a piece of equipment, Finance Basics

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Vatika group paid rs90000 in cash for a piece of equipment

Question: Vatika Group paid Rs90,000, in cash, for a piece of equipment three years ago. Last year, the company spent Rs10,000 to upgrade the equipment with the latest technology. The company no longer uses this equipment in its current operations and has received a firm offer of Rs50,000 from a firm who would like to purchase it. What value should be considered as appropriate value now?

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Finance Basics: Vatika group paid rs90000 in cash for a piece of equipment

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