Sec. 32
This query is : Resolved
15 September 2010
What will the value of depreciation?
WDV of machine as on 1-4-2009 is Rs.500000. New machine z acquired on 19-12-2009 for Rs.250000 & put to use on 30-12-2009.Machine is sold on 12-2-2010 for Rs.100000.
WDV of machine as on 1-4-2009 is Rs.500000. New machine z acquired on 19-12-2009 for Rs.250000 & put to use on 30-12-2009.Machine is sold on 12-2-2010 for Rs.100000.
15 September 2010
Depreciation will be calculated only on the opening balance of the block.
15 September 2010
For machine Z : purchase cost will be added to the gross block & selling price will be deducted from the gross block.
No depreciation is allowed on Z.
No depreciation is allowed on Z.
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