22 February 2011
From the particulars given below calculate the amount of depreciation for the p.y. ending on 31-3-2010. P&m 15% block. 1. WDV as on 1-4-2009 Rs. 17,00,000. 2. actual cost of new P&M acquired on 30-09-2008 but put into use on 1-11-2008 Rs. 12,00,000. the depreciation @ 15% for this asset was calculated and charged to P&L account of 08-09 but its WDV its not included in the above WDV. 3. actual cost of new P&m acquired on 31-3-09 but put to use on 06-10-09 Rs. 16,00,000. 4. an asset which was earlier used for scientific research has been transferred to this block on 1-11-09. its actual cost in 04-05 was Rs. 24,00,000 and till 31-3-09 Rs. 12,50,000 has been debited to p&l account. the balance is being carried forward
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