A second hand truck was purchased for `75,000, `10,000 was spent on its repair, `2,000 to get the truck registered in the name of the firm and `1,000 as dealers commission. The capitalized value of truck will be-

Question

Quizplus · Accepted Answer

The capitalized value of the truck includes the purchase price, repair costs, registration fees, and dealer's commission, totaling `75,000 + `10,000 + `2,000 + `1,000 = `88,000.

A Second Hand Truck Was Purchased for `75,000, `10,000 Was