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Solution:-

Furniture reduced by 40% = 250,000×40% = 100,000 
Now, value of furniture = 250,000  - 100,000 = 150,000 

Machinery was reduced to 40%  = 15000x40%  = 60,000 
Now, value of Machinery = 60,000 

Earlier, Total value of assets= 250,000 + 150,000 = 4,00,000 
Now, Total value of assets = 150,000 + 60,000 = 210,000 

Net decrease in value of assets = 4,00,000- 210,000 = 190,000

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