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 .

Expert : Anonymous

Expert : Anonymous (Expert)

23 September 2018 Depreciation applicable on Rs. 100000.

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