Depriciation method

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 July 2014 Sir

Please tell me if i bought a new machinery in m/o may 2013, for Rs 55000/- and already machinery in book whose value are Rs 22000/- , now please tell me the mathod of depriciation if , i am propriotership/partner ship firm or a ltd/pvt ltd co. please explain with example.

thanks

mukesh kumar

Sandeep Dharar

Sandeep Dharar (Expert)
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16 July 2014 U must have to add the new machinery costing Rs 55k, to the block of Machinery containing WDV 22K.

Charge Dep.n on the WDV (22K) for the whole year and the new one from the date of installation.