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Depreciation

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 July 2012 op wdv bal as on 1-4-11 = Rs 1 lakh
(consisting of one motor car)
on 1/3/12 sold motor car for rs 50,000
on 10/3/12 purchased new car for rs 6,00,000
my question is: what is the amount for depreciation?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
16 July 2012 what is the depreciation rate?
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
16 July 2012 Opening WDV 100000
Addition 600000
Deletion -50000
Balance 650000
Depreciation @ 7.5% on 650000= 48750.
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Querist : Anonymous

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Querist : Anonymous (Querist)
20 July 2012 Thanks alot sir! :)
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