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Depreciation calculation
Suppose I purchase a computer on 1st April and other on 31st March for 10000 each
will depreciation on both computers be at rate of 60% ie 6000 each for financial year ?
our the duration an asset is held in financial year is also taken into consideration for depreciation?
Replies (1)
Hi Krishna,
The depreciation calculation would be as follow:
| Purchased on | Value of the asset | Dep Rate | Dep |
| 01st April | 10,000.00 | 60% | 6,000.00 |
| 31st March | 10,000.00 | 60%*1/2 | 3,000.00 |
Since the 2nd computer is used for less than 180 days,
calculate half percent of actual depreciation rate.
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