Calculation of depriciation

Others 730 views 3 replies

For a Block of Asset

Opening WDV 1039939

Sold On 22/01/2012 For 925000

Purchased On 23/01/2012  For 1575000 

Friends Please Calculate the Depriciation 

rate will be 15%

 

Replies (3)

=1039939*15%+925000*15%+1575000*15%/2

 

Opening Wdv

1039939

 
Less: Sold 925000
 
Add:aditions 1575000
Total 1689939

Out Of wich Depriceation is to deducted @ 15%

 

 

Depreciation @ 7.5% on 1575000 i.e. Rs. 118125 & @ 15% on 114939 i.e. Rs. 17240.85. Total dep as per IT Act is Rs. 135365.85 Rs.


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