Class/Course - CA - CPC

Subject - Fundamentals of Accounting

Chapter - Capital and Revenue Expenditures and Receipts

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Q.1 Shivam purchased an old building for Rs. 50 lakhs. He demolished the building for the purpose of constructing shopping mall on the same site. Demolition cost was. Rs. 1 lakh. Construction cost of the mall was Rs. 35 lakhs. He inaugurated it and the inauguration cost was Rs. 50,000 Capital Expenditure was:
  Rs. 86,00,000
  Rs. 86,50,000
  Rs. 85,00,000
  Rs. 85,50,000