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Depriciation and sale of asset

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 September 2014 Opening block as on 01.04.2013 is 10000
It contains two assets 7500 and 2500
We have sold asset 2500 for 1000 .
While computation of Depr as per IT ACT
Opening WDV 10000
Consideration 1000
Closing WDV 9000
Block is of 15% nature.
So Depreciation has to be 9000*15%
. Correct me if I am wrong
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CA vandana goyal

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CA vandana goyal (Expert)
22 September 2014 your calculation is right
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