honorable expert persons,
what is the depreciation rate of percentage for motorbike (bike)?? which depreciation method I should have to do
for instance if I bought a motor bike on 12.6.2017 the cost is RS 45,500 means while I am making for balance sheet 2019 to 2020 31 St March balance sheet which depreciation value I have to show in my BS ???
please I need a calculations
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Depreciation calculation for motorbike
Replies (4)
I guess all corporate or company assets are insured as per the statute
https://www.icicilombard.com/blogs/two-wheeler-insurance/bike/understand-the-depreciation-value-of-your-two-wheeler
As per IT act, depreciation on motor cycle is 15%.
Depreciation is allowable as expense in Income Tax Act, 1961 on basis of block of assets on Written Down Value (WDV) method.
WDV as on 31.03.2018 == 0.85 (C)
As per attached file
== 0.614125 C == Rs. 27943.
My honourable Dhirajlal sir ,kindly I need clarification about this calculations?? sorry pardon
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