Accounts
This query is : Resolved
16 May 2013
the opening balance of machine is 2,00,000.,when the original amt of machine was 10,00,00.the company charge 10% depriciation on slm on such assert costing 5,00,000 with accumilated depriciation as the beginning of the year of 80,000 was disposed off during the this year..
q--the balance of the accumulated dep acc at the end of the year considering year's depriciation chrge would be
ans -1,70,000
pls someone explain me how it done..????
q--the balance of the accumulated dep acc at the end of the year considering year's depriciation chrge would be
ans -1,70,000
pls someone explain me how it done..????
17 May 2013
Can you type the actual question given in the book?
There are some typo errors.
Anyways I have attempted solving your question -
Opening Balance in Depreciation A/c = 2,00,000
Less- depreciation on Asset sold = 80,000
Add - Depreciation for current year (10% of 5,00,000) = 50,000/=
Balance in depreciation Account at the year end = 1,70,000/-
There are some typo errors.
Anyways I have attempted solving your question -
Opening Balance in Depreciation A/c = 2,00,000
Less- depreciation on Asset sold = 80,000
Add - Depreciation for current year (10% of 5,00,000) = 50,000/=
Balance in depreciation Account at the year end = 1,70,000/-
Message likes :
1 times
04 July 2013
Yes I agree with the expert
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting our of sec 44AD
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Transporter Declaration form
- Regarding TDS Applicability For Director Remuneration
- Multiple trade mark
- Value of property in capital gain
- LC charges in relation to Asset purchased should be Capitalised ?
- Copyright software
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- RULE 86B APPLICABILITY IN QRMP TAX PAYER
- Regarding appeal to GSTAT
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
