Depreciation value
This query is : Resolved
Abhijit Dutta
(Querist)
28 December 2010
Opening Balance(01/04/10) of Motor car = Rs. 1,73,514/=
Can you advise to me what is the depreciation value from 01/04/10 to 02/12/2010 ??
Can you advise to me what is the depreciation value from 01/04/10 to 02/12/2010 ??
28 December 2010
If depreciation is to be calculated as per income tax provision, then follow the block of asset method, and if you are calculating dep as pe companies act, then it should be calculated as per no of days ie from 1/4/10 to 2/12/10, and accordingly u will arrive at depreciated value of asset, and further if the asset is sold, profit / loss will accounted for based on WDV (as per Cos Act) arrive...
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