Depreciation on fixed assets
This query is : Resolved
13 June 2013
26.05.2009 (PVT LTD) our company computers purchased on credit 52120/-
10.06.2009 our company computers purchased on credit 35500/-
07.07.2009 our company computers purchased on credit 5375/-
05.08.2009 our company computers purchased on cash 26520/-
04.12.2009 our company computers purchased on cash 40400/- but they dep calculated 17539/-
passed jv
accumulate depreciation on computers a/c Dr 17539/-
To Depreciation a/c 17539/-
what is the calculation
10.06.2009 our company computers purchased on credit 35500/-
07.07.2009 our company computers purchased on credit 5375/-
05.08.2009 our company computers purchased on cash 26520/-
04.12.2009 our company computers purchased on cash 40400/- but they dep calculated 17539/-
passed jv
accumulate depreciation on computers a/c Dr 17539/-
To Depreciation a/c 17539/-
what is the calculation
CMA Ramesh Krishnan
(Expert)
16 June 2013
you have to check the depreciation methods and the rates which applying by your company and based on number of days used you can calculate the depreciation
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