Which is the correct computation of the depreciation amount for a furniture item?
1. Original Purchase Value of the furniture item * 10%
2. Written Down Value (WDV) of the furniture item after deducting depreciation on previous ITR * 10%
Amlan Ranjan Dutta (Business) (103 Points)
22 July 2022Which is the correct computation of the depreciation amount for a furniture item?
1. Original Purchase Value of the furniture item * 10%
2. Written Down Value (WDV) of the furniture item after deducting depreciation on previous ITR * 10%
CA Ankith Jain
(Chartered Accountant)
(973 Points)
Replied 23 July 2022
CA Rashmi Gandhi
(Chartered Accountant)
(86308 Points)
Replied 23 July 2022
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