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Depreciation

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(Querist)
28 June 2013 in the following problem calculate depreciation as per companies act,

opening balance of motor cycle - Rs.40775.92/-

on october-15, 2012 new motor cycle purchases Rs.59682/-

an accident was occured on 30-09-2012. it was sold on november-28 for Rs.19000. (old motor cylce was accidented not new motor cycle)

Rs.22000/- was received as accidental compensation on december-14,2012.

in the above situation how to calculate the depreciation as per companies act.

please give solution

OLD MOTOR CYCLE HAS BEEN ACCIDENTED.
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Anil Sankar V

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Anil Sankar V (Expert)
28 June 2013 it is concept of two separate motorcycles, there is no concept of block in companies act, so which bike had an accident
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shiek dawood

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shiek dawood (Querist)
02 July 2013 OLD MOTOR CYCLE HAS BEEN ACCIDENTED.
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