Business & Profession - URGENT

CA Shelly Singhania (CA) (41 Points)

12 October 2010  

 plz solve dis qustn as soon as possible relating to BP

Rltd. has a block of assets carrying 15%rate of depreciation, whose WDV on 01-04-2009 was Rs. 5lacs. It purchased another asset of the same block on 01-01-2010 for Rs.1,44,000 & put it to use immediately. Rltd. was amalgamated with Gltd. w.e.f 02-03-2010. Compute the depreciation allowable to Rltd. & Gltd. for the PY ended on 31-03-2010 assuming the assets were transferred to Gltd. at Rs.10lacs.  

Will the answer be same in case of succession of Rltd. by Gltd. instead of being amalgamated.