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 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details
Company
ARTICLESHIP 18 September 2026
Industrial Trainee

Twenty Point Nine Five Ventures Private Limited

Noida

CA Inter

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details