Can anyone please tell me how to provide depreciation in the following situation for FY: 2015-16 and 2016-17
1. Asset purchased (5 laptops , Rs.60,000 each) on 08.09.2015
2. How can I depreciate the asset under WDV method ?
3. What will be the rate of depreciation in FY: 2015-16 and FY: 2016-17?
4. Useful Life (5 years), Salvage value (Rs. 15,000) , On which date the asset will reach at its salvage value?
Thanks in advance
HARI MUNDAYUR
CAclubindia
