Wdv
This query is : Resolved
Sneha dagli
(Querist)
15 September 2012
if wdv of a asset in block is rs 100000 n its sold for 150000 and block continues to exist. then what will be cosing wdv(not considering derpiciation).
and what if same asset is sold for 50000.what will be wdv now
and what if same asset is sold for 50000.what will be wdv now
CA Lokesh Pokharna
(Expert)
15 September 2012
assets value not permissible in negative hence in 1st case dep. allowable will be zero.
in 2nd case it will be rate x(100000-50000)(if block exist) otherwise zero.
in 2nd case it will be rate x(100000-50000)(if block exist) otherwise zero.
Sneha dagli
(Querist)
15 September 2012
my question is regarding wdv in first case.What will be wdv if other assets in block has value of 500000
CA Lokesh Pokharna
(Expert)
15 September 2012
op wdv(1+5)= 6lac
less: assets sold 1.5 lac
wdv = 4.5 lac
less: assets sold 1.5 lac
wdv = 4.5 lac
CA CS Amit S. Kedia
(Expert)
15 September 2012
Pls specify the block and which assets' wdv is 1 lakh and which assets' wdv is 5 lakhs??
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