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.

How much amount is paid to purchase the plant?

₹100000 ₹76000 ₹70000 ₹86000

₹76000

Closing balance of plant = ₹320000 Add: loss on plant sale (20000 -16000 ) =4000 Add: depreciation = 36000 Add: Sale of plant = 16000 Total= 320000+4000+36000+16000= ₹₹376000 Purchased plant= 376000 - 300000( opening balance)                         =₹76000