09 September 2011
Dear All, Following is the situation :- Opening Bal :- 1000000 Additions :- 000 (from april to sept) Additions :- (200000) (from Oct to Mar) WDV 800000 Depn (150000) Bal 650000
In the above example the depn on deletions from oct to mar is taken @ 50% of the depn rate. So is this correct. Because the assets which are sold are in use for more than a year.
CAclubindia
