Accounting · Capital and Revenue Expenditure
A shipping company purchases a second-hand ship for Rs. 50,00,000. Before the ship could be put to commercial use, the company incurred the following expenses: Rs. 5,00,000 on major repairs to make it seaworthy, Rs. 2,00,000 on repainting and adding the company logo, Rs. 1,00,000 on brokerage for the purchase, and Rs. 50,000 on the salary of the crew for the first month of operation. What is the total Capital Expenditure to be recorded for the ship?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Rs. 50,00,000
- 2Rs. 58,50,000
- 3Rs. 58,00,000✓
- 4Rs. 55,00,000
Correct answer
Rs. 58,00,000
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Accounting?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Capital and Revenue Expenditure MCQs →Want more practice questions on Capital and Revenue Expenditure?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Accounting · Capital and Revenue Expenditure