Block of Assets & Depreciation
This query is : Resolved
12 September 2008
We have godown at X Place Purchase cost 100000/- & WDV Rs. 50000/- & the same is sold for Rs. 150000/-. In same year, We also purchased another Godown at Price of Rs.120000/-. In this case, What will be treatement of Assets for Depreciation ? & How it will be calculate in this case.
12 September 2008
sale cosideration will be deducted & additions is added in block.& dep will be charged on balance.
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