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Depriciation calculation

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 September 2012 Asset is motor Car

Op BAl. 500000
Pu. 1700000 (date of pur_1-02-2012)
Sold 600000

What will be depriciation amount.

Pls help me out with calculations.
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Nitesh Parmar

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Nitesh Parmar (Expert)
24 September 2012 Opening 500000
Add.Purchase 1700000
Less.Sold 600000

Balance Remain=1600000

Depreciation= 1600000*7.5%= 120000

as asset is used for less than 180 days half depreciation will be allowed
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