WDV of car as on 01.04.2018 is 1,96,466
Purchase new Vehicle on 04.03.2019 is 11,19,221
Sale of old car on 04.03.2019 is 2,40,000
Calculation of depreciation is required.
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Depreciation calculation
Replies (1)
wdv as on 1.4.2018 196466
add actual cost of ass acquired 1119221
less ass sold 240000
wdv for dep purpose 1075687
depreciation rate 15%
as the wdv remaining is of new asset which is acquired and put to use for less than 180 days, half of the dep is allowable i.e. dep @ 15% x 50% i.e.80677
add actual cost of ass acquired 1119221
less ass sold 240000
wdv for dep purpose 1075687
depreciation rate 15%
as the wdv remaining is of new asset which is acquired and put to use for less than 180 days, half of the dep is allowable i.e. dep @ 15% x 50% i.e.80677
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