IMPORTANT DOUBT

please solve below question of depreciation

 

 

The written down value of plant and machinery in the books of A ltd is 75,00,000 as on 1st april 2008,on which date,the installed capacity was 12000 tons.A ltd borrowed rs 10,00,000 @ 10%p.a from ICICI bank on 1.8.08 for purchase of new plant and machinery for extension of its existing business,which would increase its installed capacity to 13000 tons.The new plant and mac was purchased on the same date but was put to use only w.e.f 1.11.08 Compute the depreciation admissible u/s 32 for the A.Y 2009-10,assuming the applicable rate of depreciation on plant and machinery to be 15%

Replies (1)

Rs. 7500000 AT 15 % and Rs. 10,00,00 at 7.5%.

Interest part is not capitalised

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 17 July 2026
Article Assistant and B.com pass

BANSAL YOGESH AND CO

Gautam Budh Nagar

B.Com

View Details
Company
23 July 2026
CA Inter

Vikram Jadhav and Company

Pune

CA Inter

View Details
Company
Featured 16 July 2026
Semi Qualified Company Secretary

Vakilsearch.com

Chennai

CS

View Details
Company
ARTICLESHIP 11 July 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
05 July 2026
Financial Controller

NovumLake Partners

Mumbai

CA

View Details
Company
06 July 2026
Chartered Accountant (Indirect Taxation)

Gowra Ventures Pvt Ltd

Hyderabad

CA

View Details
Company
16 July 2026
Manager - Finance & Accounts

Aliens Group

Hyderabad

CA Final

View Details
Company
06 July 2026
Senior Accountant

Arvindkumar Maniar & Co.

Rajkot

CA

View Details
Follow