PARTICULARS AT THE BEGINNING OF THE YEAR (₹) AT THE END OF THE YEAR (₹) Plant (cost) 300000 320000 Accumulated depreciation 90000 100000 Patents 260000 140000 Goodwill 80000 100000 ADDITIONAL INFORMATION: The depreciation charged on the plant was ₹36000. A plant having a book value of ₹20000 was sold for ₹16000. Patents having a book value of ₹80000 were sold for ₹110000.

What amount of patents were purchased between the beginning and closing time?

₹50000 ₹40000 ₹45000 ₹65000

₹40000

Opening balance= 260000 Sales = 80000 Remaining= 260000 - 80000 = ₹180000 Closing balance= 140000 Purchased= 180000-140000 = ₹40000