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Depreciation doubt

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student
119 Points Joined January 2016
As per companies Act.. depreciation doubt
purchase price is 400000 in 2014
opening Wdv 1-4-2017 is 128000
it sold in august @ 370000
My doubt is ...In balance sheet
how much value should i consider in gross disposal ? depreciation? disposal ? accumalted depreciation disposal?
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On 23 July 2018 at 16:18 Report
Replies (7)
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GST Practitioner & Accounts
15083 Points Joined March 2014

Is it sold in Augst  2018  ?. 

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On 23 July 2018 at 16:21
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Chartered Accountant
12739 Points Joined December 2016

book profit 242000

and all wdv will be witten off 

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On 23 July 2018 at 16:28
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student
119 Points Joined January 2016
this is july 2018 ....so sale is in august 2017 na
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On 23 July 2018 at 16:28
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officer
36 Points Joined January 2014
it's sale of asset it's block or single asset
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On 23 July 2018 at 17:13
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student
119 Points Joined January 2016
block of assets...it is one of asset in block of asset
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On 23 July 2018 at 17:45
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Accountant
24 Points Joined September 2017
Dear Samput First you have to calculate depreciation till date of sale of an Assets then you will able to find out every thing properly
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On 28 July 2018 at 17:47
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Accountant
24 Points Joined September 2017
After depreciation calculation you have to follow this thing Purchase value of assets xxxx Less total dep. Till sale date xxx Net value of assets. Xxxx Less sale price. Xxxx It will be profit or loss. Xxxxx
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On 28 July 2018 at 17:53

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