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Depreciation calculation

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Suppose I purchase a computer on 1st April and other on 31st March for 10000 each will depreciation on both computers be at rate of 60% ie 6000 each for financial year ? our the duration an asset is held in financial year is also taken into consideration for depreciation?
Replies (1)

Hi Krishna,

The depreciation calculation would be as follow:

 

Purchased on Value of the asset Dep Rate Dep
01st April  10,000.00 60%  6,000.00
31st March  10,000.00 60%*1/2  3,000.00

 

Since the 2nd computer is used for less than 180 days,

calculate half percent of actual depreciation rate.


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