20 October 2009
Question: Suppose I have machinery X with a WDV of Rs 100000 on 1/4/08. it is given that two more machines were put into use on 1/1/09,details are given below, Machine Y(purchased on 1/6/07)-Rs 50000 Machine Z(purchased on 1/1/09)-Rs 40000
Later Machine X was sold for Rs 160000. It is given that all the machines X,Y and Z belong to the same block of asset with rate of deprecation 10%. Calculate the deprecation for this year. -------------------------------------------
21 October 2009
OPening wdv is 100000 Additions 50000 (-) Deductions 160000 (assumed date of sale before sep) Balance - 10000 new machine 40000 net block 30000 Depn. 1500 (50% being second half purchases)
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