depriciation
This query is : Resolved
31 January 2009
Max ltd. A foreign corporate, amalgamates on 1.10.2008 with Zenith ltd.Purchase consideration was fixed for Rs 20,00,000. Particulars of their assets are given below:
Particulars------max ltd----------zenith ltd
rate of dep.-----15%----------------15%-----
W.D.V as
on 1.4.08--------12lakh------------10lakh
machinery purchased on put to use
i)1.4.08
machine T --------5lakh----------------000---
ii)15.11.08
machine z---------00000--------------4lakh--
machine T is sold
on 30.11.2008------4lakh-------------00000----
Compute the deprecation allowance, admissible of Max Ltd. and Zenith Ltd. If:
(i)Max Ltd. is an Indian company
(ii)Max Ltd. is a foreign company
Particulars------max ltd----------zenith ltd
rate of dep.-----15%----------------15%-----
W.D.V as
on 1.4.08--------12lakh------------10lakh
machinery purchased on put to use
i)1.4.08
machine T --------5lakh----------------000---
ii)15.11.08
machine z---------00000--------------4lakh--
machine T is sold
on 30.11.2008------4lakh-------------00000----
Compute the deprecation allowance, admissible of Max Ltd. and Zenith Ltd. If:
(i)Max Ltd. is an Indian company
(ii)Max Ltd. is a foreign company
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