CA CPT Model Test Paper 6 with solutions for online practice

Books of Ram shows on 1st January 2010 furniture Rs. 20,000. During the year a part of the furniture whose book value on 1st January 2010 is Rs. 1,200 has been exchanged with another furniture by paying additional Rs. 500. Ram charge depreciation @ 10% p.a. The net amount of the furniture to be shown in the balance sheet will be