depreciation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 November 2010
books of ram shows on 1st jan 2006 furniture rs 20000.during the year a part of the furniture whose book value on 1st jan 2006 is rs 1200 has been exchanged with another furniture by paying additional rs 500.ram charged deprecition @ 10% pa.the net amt of the furniture to be shown in the balance sheet will be?
ans.18478
my ans-18500.
how to get the answer
ans.18478
my ans-18500.
how to get the answer
20 November 2010
WDV as on 01.04.2005 20000
Add: Addition on 01.01.06 1700
-------
21700
Less: Deletion 01.01.06 1200
-------
Net Balance 20500
Depreciation -
On 20000-1200= 18800 @ 10% and on 1700 @ 5% = 1880+85= 1935
WDV as on 31.3.06 20500-1965= Rs. 18535
WDV as on 01.04.2005 20000
Add: Addition on 01.01.06 1700
-------
21700
Less: Deletion 01.01.06 1200
-------
Net Balance 20500
Depreciation -
On 20000-1200= 18800 @ 10% and on 1700 @ 5% = 1880+85= 1935
WDV as on 31.3.06 20500-1965= Rs. 18535
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Supply through E-commerce Operators
- STCG....................................................
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- TAN for Partnership
- Relief u/s Section 89
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- E way bill for tractors
- Specified Profession
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
