Depreciation on UPS Batteries

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This discussion addresses the accounting treatment for UPS batteries when they are sold. It covers calculating depreciation for the full financial year, even if sold mid-year, and how to account for the sale, including transferring any loss to the Profit and Loss account.

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(Querist)
13 February 2024 Dear Experts,
1 A company is having the opening WDV for ups batteries as on 01-Apr-2023 say for Example Rs 1,00,000.00
2 During the current FY, it sold all of them for Rs 30,000.00 dated 31-Jan-2024
3 Now the calculation for depreciation to be considered for 12 monthly?
4 How the accounting treatment to be carried out.
5 Please confirm
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RAJA P M

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RAJA P M (Expert)
15 February 2024 Yes, Consider the depreciation 12 months and provide the journal voucher for depreciation...
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RAJA P M

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RAJA P M (Expert)
15 February 2024 Balance value will be transfer to PandL account as "LOSS ON SALE OF BATTERIES"
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