Depretiation

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

02 July 2010 Please define me stratline method of depretiation if assests are 11kv transformer. which was purchase dt:27/12/03 rs. 955000 as present we are sale out it. how we are calculate the dep. @15% whats its books value.

Rahul Gupta

Rahul Gupta (Expert)
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02 July 2010 Purchase date > 27/12/2003
Purchase Cost > 9,55,000
SLM Depreciation rate > 15%
Depreciation Amount > 1,43,250
Sale Date > 30/06/2010

Calculation >

Cost = 955000
- Dep for 2003-04 (3 Months approx) = 35812
- Dep for 6 Years @Rs.1,43,250 = 859500
from 2004-05 to 2009-10
- Dep for 2010-11 (for 3 months) = 35812

Net Book Value = 23,876

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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02 July 2010 Rahul Ji your calculation is correct,but as per my calculation (dep for broken up period taken on days basis.)---

Cost = 955000
Dep for 2003-04 (94 days) = 36892

Dep for 6 Years @Rs.1,43,250 = 859500
from 2004-05 to 2009-10

Dep for 2010-11 (91 days) = 35714
Net Book Value = 22,894

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Rahul Gupta

Rahul Gupta (Expert)
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02 July 2010 Yes Sanjay Ji, you are absolutely right...I just took the approx figure...
Thanks for the updation.....

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