Depriciation
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 September 2018
Opening balance of car = Rs. 100000/-
Addition on 31.12.2017 = Rs. 50000/-
Sale of car on 31.01.2018 = 20000/-
Depreciation = 100000 - 20000 = 80000* 15% = 12000.00
50000* 7.5%= 3750.00
Total Amount of Dep. will be debited in P/L A/c =15750/-
Am I Right ? Please Advice me .
Addition on 31.12.2017 = Rs. 50000/-
Sale of car on 31.01.2018 = 20000/-
Depreciation = 100000 - 20000 = 80000* 15% = 12000.00
50000* 7.5%= 3750.00
Total Amount of Dep. will be debited in P/L A/c =15750/-
Am I Right ? Please Advice me .
Expert : Anonymous
Expert :
Anonymous
(Expert)
23 September 2018
Depreciation applicable on Rs. 100000.
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