Cost of Machinery Rs.10 lakhs, Scrap value of asset is Rs.2.5 lakhs, Life period of Machinery is 10 years, and the depreciation is charged WDV.
Can I know how to calculate the depreciation amount.
Plz help, urgent.
Cost of Machinery Rs.10 lakhs, Scrap value of asset is Rs.2.5 lakhs, Life period of Machinery is 10 years, and the depreciation is charged WDV.
Can I know how to calculate the depreciation amount.
Plz help, urgent.
As per accounting standard depriciation will be Rs 75000 every year & not on WDV
Open Co Consulting LLP
New Delhi
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V.K. Ranjan & Co(Chartered Accountants)
New Delhi
B.Com
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