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.
Menu
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
Recent Threads
- ITR updated return
- Company change Status from CIRP into Active
- Can a LLP Park money in MFs and do F&O
- ACCOUNTING TREATMENT FOR FIXED ASSETS STANDING AT
- GST Rule 14A and Form GST REG-32: Simplified Regis
- Filed Hotel commission from International Company
- Reinsurance brokerage section?
- Gst me Registration Zaruri Hain Kya?
- Discuss and Download CA Inter Question Paper Janua
- Discuss and Download CA Final Question Paper Janua
Related Threads
CAclubindia
