Pgbp problem

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Guest

Guest (Querist)

04 August 2013 I am facing problem while calculating depn for AY 2012-13.can anyone show the working of following question

Q/-written down value of 4 machine at beginning of of previous 2012-13, forming the part of a block of the asset carrying 15% rate of depreciation was Rs 5,00,000 the following 4 machines of same block were bought:
MACHINE DATE OF PURCHASE DATE WHEN PUT TO USE COST

P 5.1.2012 14.1.2013 50,000
Q 5.4.2012 15.5.2012 1,00,000
R 15.5.2012 31.1.2013 2,00,000
S 15.11.2012 27.3.2013 1,50,000

Four machines of this block (other than those which were acquired and put to use less than 180days) were sold for Rs4,00,000
calculate depreciation for assessment year 2013-14

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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08 August 2013 Opening WDV = 5,00,000
Add: Purchases during the year
More than 180 days = 1,50,000
Less than 180 days = Rs. 3,50,000

Less: Sold during the year = Rs. 4,00,000
Closing balance = Rs. 6,00,000

Depreciation:
Less than 180 days=(5,00,000*15%*50%)=37,500
More than 180 days=(1,00,000*15%)=15,000
Total depreciation = Rs. 52,500