Depriciation calculation
This query is : Resolved
Querist : Anonymous
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.
Op BAl. 500000
Pu. 1700000 (date of pur_1-02-2012)
Sold 600000
What will be depriciation amount.
Pls help me out with calculations.
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
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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