Depreciation
This query is : Resolved
31 March 2012
can anyone tell us how to calculate depreciation as per company act if the figures are given in such a way i.e
Total cost of asset till 1.4.2009-7496413
Dep. upto -4541562
Sale of asset on Dt.6.2.2010 -90000
asset purchase on dt.3.9.2009 -1980189
i have doubt in what no. of days to be taken in its calculation
Total cost of asset till 1.4.2009-7496413
Dep. upto -4541562
Sale of asset on Dt.6.2.2010 -90000
asset purchase on dt.3.9.2009 -1980189
i have doubt in what no. of days to be taken in its calculation
31 March 2012
The asset purchased on 3.9.2009 has been sold on 6.2.10?
You need to calculate the WDV as on 6.2.10.
Depreciation for the period 3.9.09 till 6.2.10 shall be reduced from the cost and balance amount shall be the WDV.
You need to calculate the WDV as on 6.2.10.
Depreciation for the period 3.9.09 till 6.2.10 shall be reduced from the cost and balance amount shall be the WDV.
31 March 2012
asset sold on 6.2.2010 is an old asset and 3.9.2009 a newly asset purchased....plz tell me if i calculate dep@25.89% on newly asset than how many no. of days will be taken
31 March 2012
Depreciation on new asset shall be charged for 210 days.
31 March 2012
and to be devided by 360 or 365days?? thanks siddhartha, i'm considering all these bt, my calculation is differ frm m CA..........
31 March 2012
Amount will be divided by 365.
31 March 2012
ok now i understand where i'm dong mistake. Thank you Sidhartha.
31 March 2012
You are welcome. You should use the thanks button to convey your thanks.
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