Asset depreciation calculation

Balamurugan (Accounts officer) (24 Points)

28 October 2021  

Dear Experts,

I would like to get your opinion on the below question.

We have purchased the machinery on 05.09.2021 value of Rs. 100000, We have installed & capitalized the same on same day i.e 05.09.2021. Later we have purchased the additional spare for the machinery which will increase the efficiency of the machine on 05.10.2021, Value Rs.50000. Installed on 05.10.2021.

Now, Both the first purchase & addition value in the same machinery (asset code), 

1. Depreciation to be calculated @ 13.33% on 1,00,000 from 05.09.2021 & for 50,000 from 05.10.2021

2. Depreciation to be calculated @ 13.33% on 1,50,000 from 05.09.2021

3. Depreciation to be calculated @ 13.33% on 1,50,000 from 05.10.2021

Kindly advice.