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.
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
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
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
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
Message likes :
1 times
02 July 2010
Yes Sanjay Ji, you are absolutely right...I just took the approx figure...
Thanks for the updation.....
Thanks for the updation.....
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Import license renewal
- Credit profit and loss account in case of bonus share received
- How to determine cost of acquisition of shares on De-merger or Merger
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
