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
CA PARAS BAFNA
(Expert)
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
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