Hoe calculate depression of a vehicle on balance sheet
This query is : Resolved
02 September 2019
My Question Is,
1)A MOTOR BYKE'S VALUE IN THIS YEAR A.Y. 2019-20 ON BALANCE SHEET IS ₹90,000 WITH 15% DEP. THEN AFTER SEVEN YEARS HOW MUCH VALUE OF THE MOTOR BYKE ON THE BALANCE SHEET? ₹0 OR ANY MINIMUM VALUE?
2) In Profit Loss Sheet of a Cyber Cafe Business , if any new computer or any new Equipments has purchased , then the new computer or Equipment can show on pofit loss sheet as a loss?
1)A MOTOR BYKE'S VALUE IN THIS YEAR A.Y. 2019-20 ON BALANCE SHEET IS ₹90,000 WITH 15% DEP. THEN AFTER SEVEN YEARS HOW MUCH VALUE OF THE MOTOR BYKE ON THE BALANCE SHEET? ₹0 OR ANY MINIMUM VALUE?
2) In Profit Loss Sheet of a Cyber Cafe Business , if any new computer or any new Equipments has purchased , then the new computer or Equipment can show on pofit loss sheet as a loss?
03 September 2019
01. charge depreciation at 15%
02. Show it under fixed asset
02. Show it under fixed asset
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- ADVANCE PAYMENT OF ADVOCATE
- ITDS U/S.194T of Firm
- Unregistered suppliers utility
- NRI starting business in India
- EXPORT COMMERCIAL INVOICE HSN CODE
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- TDS ON EMAIL DOMAIN SERVICE BILL
- GST not cancelled by tenant
- CREDIT NOTES WITHOUT GST
- Taxable or Tax exempt
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
