Please calculate wdv urgent

CA Parul Saxena (CA) (8422 Points)

19 December 2013  

An asset purchased on 01.04.11 for Rs.100000. Depreciation is charged on SLM basis @ 10%p.a.WDV as on 01.04.13 is Rs.80000. Asset is sold on 30.09.13. For the purpose of calculating profit or loss on sale of fixed asset what will be WDV on 30.09.13????????????

80000*10/100*6/12=4000 

OR

100000*10/100*6/12=5000