Computation of depreciation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 May 2012
Please help me in finding out the depreciation in trespect of the following block of assets: Computer in 60% Block
WDV as on 01.04.2011 - Rs.1 lakhs
Addition on 09.05.2011 - Rs.1 lakhs
Addition on 18.12.2011 - Rs. 1 lakhs
Deletion 12.09.2011 - Rs.30000/-
Thanks in advance
WDV as on 01.04.2011 - Rs.1 lakhs
Addition on 09.05.2011 - Rs.1 lakhs
Addition on 18.12.2011 - Rs. 1 lakhs
Deletion 12.09.2011 - Rs.30000/-
Thanks in advance
26 May 2012
Value of block before depreciation = Rs. 2,70,000
Depreciation chargeable at 50% = 1 lakh*30% = Rs. 30,000
On balance Rs. 1,70,000 = 1,70,000 *60% = Rs. 1,02,000
Total depreciation = Rs. 1,32,000
Depreciation chargeable at 50% = 1 lakh*30% = Rs. 30,000
On balance Rs. 1,70,000 = 1,70,000 *60% = Rs. 1,02,000
Total depreciation = Rs. 1,32,000
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