Calculation of depreciation on block of assets
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 October 2014
What will be the calculation of depreciation if in the block of machinery , machinery purchased after 180 days sold out in the same year. Suppose
Opening Balance -1,25,619.00
Machinery purchased on 03.12.2013-13,00,000.00
Machinery sold 04.12.2013-13,93,350.00
What will be the depreciation on the above case?
Plz its urgent reply soon.
Thanks in advance for your reply.
Opening Balance -1,25,619.00
Machinery purchased on 03.12.2013-13,00,000.00
Machinery sold 04.12.2013-13,93,350.00
What will be the depreciation on the above case?
Plz its urgent reply soon.
Thanks in advance for your reply.
Nikhil Kaushik
(Expert)
03 October 2014
assuming the brought forward assets are not being sold, then provide full depreciation on the opening WDV
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