Depreciation calculation

A/c entries 656 views 2 replies

hi sir,  i have a small confusion about calculating the depreciation on fixed assets?

 

i have a opening balance for the year 2010  45,00,900/- and in the same year we purchase a new car worth of 4,36,737 rs on sept 20th 2010.  The percentage is 25.89% as per the companies act.  The financial year end is 31st mar.

 

I would like to know the depreciation for this aseet with solvation method also,  please send me reply asap.

 

                                                                                                                                                            Thanking you sir.

                                                                                                                                                           

                                                                                                                                                               

 

 

Replies (2)

depreciation on opening bal. (for full year)  4500900*25.89/100 = 1165283

depreciation on new asset bought during the year ( for 193 days i.e from 20th sep 2010 to 31st march)  436737*25.89/100*193/365  = 59788.34.

Agree with Karan .....


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