Block of Assets Method
Querist : Anonymous
Now among the above four tempos, three wer sold during the year in the month of sept for a consideration of Rs 85,000 and loss booked on above sale was Rs 3,10,960.
What should be the written down value of Tempos as on 31st March 2009 and also amount of dep charged.
should sale consideration of Rs 85,000 be deducted from 5,34,712 and dep to be charged on balancing figure of 449712??????
Less: sales value : 85000
Balance Aount : 449712
Dep @ 15% : 67457
Closing Bal : 382255
Querist : Anonymous
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