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A plant was purchased on 1st January 1999. It was depreciated at the rate of 12% P.A. by diminishing balance method. It was sold on 31st March 2001 when its depreciated value was Rs. 1,50,234. What was its value on 1st January 1999.

A plant was purchased on 1st January 1999. It was depreciated at the rate of 12% P.A. by diminishing balance method. It was sold on 31st March 2001 when its depreciated value was Rs. 1,50,234. What was its value on 1st January 1999. Correct Answer Rs. 2,00,000

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