alleryStart learning →A current investment costing Rs 40,000 has a fair value of Rs 44,000. Carrying amount?
ARs 4,000
BRs 48,000
CRs 40,000
DRs 44,000
Answer & Solution
Correct answer: C. Rs 40,000
A rise above cost is not recognised, so the lower figure, 40,000, is carried.
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