Depreciation Accounting

CA S Sundararajan (CAO) (536 Points)

25 January 2008  

Dear sir,

How to recognise the amount of deletion while calculate the depreciation as per IT Act and Co. Act.


Purchase value of Assets - Rs 20705

Date of Purchase - 14-05-2003

Resal value of asset -Rs 2000 on 31.12.07

Rate of Depn

a. IT Act- 15 %

b. Companies Act-13.91%

Q: What isthe amount , I have to shown in Depreciation schedule as Deleted during the year