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Problem in calculating Dep. in case of change of partners

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Harsimran Singh

Student

137 Points Posted on 07 September 2010

Hello guys

The problem is that a firm has changed its partners on 31.07.2009.

So we have to make 2 (Balance Sheets) Depreciation Charts

- 1st from 01.04.2009 to 31.07.2009

- 2nd from 01.08.2009 to 31.03.2010

I want to know how to charge depreciation in second depreciation chart whether its on the written down value as on 01.08.2009 or on the wdv as on 01.04.2009 for 8 months.

Please reply asap.

Replies (3)

Arvind Sharma

ACA

1090 Points Posted on 07 September 2010

Charge Dep for whole year considering one entity.,

and then divide it into such two different period in the ratio of days....

Harsimran Singh

Student

137 Points Posted on 07 September 2010

Originally posted by : Arvind
	Charge Dep for whole year considering one entity., and then divide it into such two different period in the ratio of days....