Sale of motor car from block of assets & loss of sale

This query is : Resolved

Devendra A Joshi (Querist)
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27 August 2013 Motor Car having WDV 3,15,297/- Block of 15% sold on 15.11.2012 for Rs. 190000/-
New Motor car purchase on same date for Rs. 795000/-

How depreciation calculated for 2012-13 & WDV of Block at the year end & Depreciation on Motor

Accounting Entry in Books ?

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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29 August 2013 Computation:

Opening WDV - 3,15,927
Add: Purchase - 7,95,000
Less: Sale - 1,90,000
Closing Balance - 9,20,927

Depreciation:

On Rs. 7,95,000 - 7,95,000*15%*50% - 59,625
On Rs. 1,25,927 - 1,25,927*15% - 18,889

Total depreciation - 78,514