Depreciation u/s 32

Others 345 views 1 replies

Dear Friends,

Can you Please Work out the depreciation Amount with the following data : 1. WDV of Car as on 1-4-2013: 115244 2. Consideration received on sale of such car in December 2013 : Rs. 120500 3. Car Purchased in January 2014 : Rs. 1337373 Rate of Depreciation 15%

Replies (1)

1. WDV FOR THE PURPOSE OF DEP ALLOWNACE FOR A.Y 2014-15

115244+1337373=1452617-120500=1332117
 
DEPRECIATION ALLOWNCE =1332117*15% =199817.55

 

 


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