Depreciation calculation in leap year

got ur doubt cleared with so me of my frnds, no need to calculate no.of days if u provide dep for whole year even its leap year ... only if thre is any any sale of machinary then we have to consider no.of days

i.e wdv*dep rate                            ---- for whole year

    wdv*dep rate* no.of days / 366 --- when there is a sale in middle of year

hey as in my opinion......as for as bank interest calculation is based on rupee value depreciation na... where as machinery cant be converted readily into cash or benifit from that asset which wil be converted into stock does not be readily converted into cash..

and im not sure of my opinion whether upto what extent correct.

Thanks Miss.

For your advice.

My bank interest funda is  in leap year banks give us 366days interest  not for 365 days . But real Q is that Deprication rate in Co. Act suppose 13.91%  is for whole year whether 365/366days    OR for 365 days given??
I want to know what usually practicing CA  follow?

so little doubt.