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.
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