urgent

 THe value of new furniture as per AS 10

WDV of old furniture given + Cash paid i.e; rs. 1700.

WDV as on beginning of the year                    Rs. 20,000

Less: - Furniture Given up                                         (1200)

                                                                                       18,800

+ Value of New Furniture                                              1700

                                                                                         20,500

Depreciation @ 10%                                                    (2050)

balance to be shown in B/S                                       18,450

Note: - It has been assumed that depreciation is charged on closing balance.

Alternatively 

WDV as on beginning of the year                    Rs. 20,000

+ Incease in the value of furniture due

to exchange transaction                                                                   500

                                                                                                         20500

Depreciation @ 10%                                               (2050)

balance to be shown in B/S                                   18,450

Note: - It has been assumed that depreciation is charged on closing balance.