Depreciation

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 August 2012 How to take a depreciation when we make block of assets a/c. of any fixed assets for example..
Car A/c.
opp. bal. Rs. 213993
Old Car Sale on 15th oct Rs. 160000
New Car Pur.on 05th oct @ Rs.1030158
DP.Rate 15%.

What shoud be depreciation?

07 August 2012 DP RATE @15% ON RS, 53993 (213993-160000)
DP RATE @7.5% ON RS. 1030128

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 August 2012 all thou if we made Block a/c. for that assets?



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