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Depreciation

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(Querist)
08 September 2009 SIR ,
WITH REFERENCE TO MY PREVIOUS QUERY RELATED TO CHARGING OF DEPRECIATION, I WOULD LIKE TO KNOW WHEATHER THE FOLLOWING CALCULATION IS CORRECT
WDV AS ON 1/4/2006 (15%) RS 120000
LESS:DEP RS 18000
WDV AS ON 1/4/2007 RS 102000
LESS DEP RS 15300
WDV AS ON 1/4/2008 RS 86700
THEREFORE DEPRECIATION FOR THE PY SHOULD BE CALCULATED ON RS 86700 ie RS 13005

WITH REGARDS

RAJ
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CA CS CIMA Prakash Somani

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CA CS CIMA Prakash Somani (Expert)
08 September 2009 Yes, you are right
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chetan soni

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chetan soni (Expert)
08 September 2009 agree with experts.
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Murtaza I Bhagat

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Murtaza I Bhagat (Expert)
08 September 2009 Its right method which is done by u & experts are right.
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