Question

Fixed Assets are shown:

• A. At par value
• B. At cost price less depreciation
• C. At cost price
• D. At realisable value less depreciation

Hint:

Always remember: Fixed Assets = Cost – Depreciation (as per historical cost concept).

Answer 1

The Correct Option is B

Step 1: Concept of asset valuation.
Fixed assets are tangible long-term assets like machinery, building, etc. They are recorded at historical cost.
Step 2: Treatment in financial statements.
As per accounting principles and Companies Act, fixed assets are shown at cost price less accumulated depreciation.
Step 3: Eliminate wrong options.
- (A) Par value: Applies to shares, not fixed assets.
- (C) At cost price: Incorrect, depreciation must be deducted.
- (D) At realisable value: Incorrect, as only impairment may affect valuation, not general realisation.
Step 4: Conclude.
Thus, fixed assets are shown at cost price less depreciation.
Final Answer: \[ \boxed{\text{At cost price less depreciation}} \]