Mathematics · Financial Arithmetic and Accounting
An airline company purchased a second-hand aircraft for ₹5,00,00,000. Before the aircraft could be deployed for its first commercial flight, the following costs were incurred: • ₹40,00,000 for a mandatory engine overhaul required by aviation authorities • ₹10,00,000 for repainting the aircraft in the company's livery • ₹5,00,000 for initial training of pilots specifically for this model • ₹2,00,000 for fuel for the test flight • ₹1,00,000 for catering supplies for the inaugural journey • ₹50,00 for calibration repair during the test flight What is the total Capital Expenditure to be recorded as the cost of the aircraft?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹5,57,50,000
- 2₹5,50,00,000
- 3₹5,52,50,000✓
- 4₹5,52,00,000
Correct answer
₹5,52,50,000
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