12 December 2013
hello, A Bolero vehicle (fixed asset) was sold out on 11.12.2013, Now i want to know that how i provide depreciation on it, for Full Year or on day basis or on monthly basis. FY year start on 1.4.2013. and depreciation is charged on SLM Method. Purchase Price of Asset is 728087, Salvage value - 0, Rate of Dep. 9.5% as per compnies act.
CAclubindia
