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.