Accounts
Querist : Anonymous
FOR RS 500 LACKS FOR THE PURPOSE. PURCHASES WERE ENTITLED FOR CENVAT
CREDIT OF RS 1O LAKHS AND GOVT. ALSO AGREED TO EXTEND 25 % SUBSIDY FOR
BACKWARD AREA DEVELOPMENT. DETERMINE THE DEPRECIABLE VALUE OF OF THE
ASSET
A) RS 500 LAKHS
B) RS 392 LAKHS
C) RS 400 LAKHS
D) RS 390 LAKHS
500 lakhs
less: 10 lakhs (Cenvat)
less: 98 lakhs (Grant)
So 392 Lakhs...
Querist : Anonymous
Querist : Anonymous
Querist : Anonymous
Querist : Anonymous
125----------490
25------------(?)
So you will get 98.
Querist : Anonymous
so...not a financing?
There is no effect in cash flow statement as the cash is not affected....
Querist : Anonymous
Querist : Anonymous
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