Depreciation on motor cycle

No depreciation allowed on any personal asset. If you are using it for any of proprietorship business/profession, you can take advantage.

THE PURCHASE VALUE WILL BE SHOWN IN BALANCE SHEET IN EVERY YEAR.AS THE MOTOR CYCLE IS FOR PERSONAL USE

Yes, at the time of sell the whole amount will be written off as personal expenditure after adjustment of sell value.

THANKS FOR YR REPLY,

IF IT IS USED FOR MY BUSINESS PURPOSE PARTLY

THEN WHAT WILL BE SHOWN IN MY BALANCE SHEET

It will be capital investment in your business.

Thanks