Namaste,
we purchased One laptop on 18-March-2018....
after deducting depreciation value for the Fy17-18....the cost of that laptop was Rs.27120(opening balance for the FY18-19)....now that laptop is lost from 20th Feb 2019....what will be the Depreciation value of that laptop....for present date.... kindly help me
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asset calculation
Replies (6)
You will have to charge depreciation for the period april 2018 till 20 feb 2019. Then net amount will be the value of the laptop as on 20th feb 2019 i.e the day on which laptop was lost
kindly can you tell me what will be the depreciation value for present date.. please
27120-40%=16272
I think depreciation must calculate for 11month?
if asset is used for more than 180 days then full 40% can claim as per income tax
thank you very much
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