Dear All,
Please sort out my problem of calculating depreciation in the following case:
Gross Block of machinery as on 1/04/2007 ..................................1,00,000
Purchase of new machinery on 1/06/2007.....................................10,000
The machinery is used in single shift upto 31/12/2007.
Again, new machinery was purhcased on 1/02/2008....................20,000
The machinery was used in triple shift till 31/03/2008.
Please help me how to calculate depreciation in this case??
Thanks,
Suman Sharma