Depriciation and sale of asset
This query is : Resolved
Querist : Anonymous
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
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
22 September 2014
your calculation is right
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