26 September 2010
Respected Experts Pls. consider the problem - say one Blog of asset consists of only one asset on 01.04.2009 which WDV on 01.04.2009 is Rs,10000, & which attracts Depreciation @10% p.a. on 05.10.2009 the only asset is sold by Rs.9700 & on 08.11.2009 another same asset of same blog purchased by Rs.20000, which also attracts Depreciation rate @ 10% p.a. Now is the 1st asset which is sold befour purchasing the 2nd asset can avail any depreciation benifit. all the assets r used from the day of purchased. pls. solve the problem Thanks Debashis
CAclubindia
