Calculation of depreciation on block of assets

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aspi (Querist)
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01 March 2012 Query regarding calculation of depreciation on block of assets.
(a) WDV of Assets 1,2,3 as on 01.04.10 = Rs.5091/-. (b)Addition of Asset 4 purchased on 29.06.10 = Rs.17600/-, (c)Addition of Asset 5 purchased on 18.02.2011 (in the second half of AY) = Rs.26850/-, (d) Sale consideration of Asset 4 on 02.02.11 (in the second half of AY) = Rs.7000/-. I shall appreciate if someone could offer his expertise in calculating depreciation in case of the above example. Also, is it true that depreciation is not allowed if a Asset from Block of Assets is sold either during the first or second part of AY?

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Guest (Expert)

01 March 2012 Opening WDV- 5,091/- Addition on 29.6.10- 17,600/- Addition on 18.2.11- 26,850 Gross- 49,541/- Deletion- 7,000/- Net block - 42,541/- Depreciation- On 15,691/- allowed for full year On 26,850/- allowed for half year. Since the rate is not given exact amt. is not calculated.

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