On January 1,2006, Books of Ekta show furniture Rs. 20,000. During the year, a part of the furniture….

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On January 1,2006, Books of Ekta show furniture Rs. 20,000. During the year, a part of the furniture whose book value on January 1,2006 is Rs. 1200, has been exchanged with another furniture by paying additional Rs. 500. Ekta charged depreciation at 10% p.a. So, the net amount of the furniture to be shown in the balance sheet will be

Options :-

1. Rs. 18,508
2. Rs. 20,440
3. Rs. 18,396
4. Rs. 18,450

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