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.
1 Replies
SHIVANI KUDTARKAR
(512 Points)
Replied 12 March 2019
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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