Cost of Machinery Rs.10 lakhs, Scrap value of asset is Rs.2.5 lakhs, Life period of Machinery is 10 years, and the depreciation is charged WDV.
Can I know how to calculate the depreciation amount.
Plz help, urgent.
Pkala (CA Final (New Course)) (211 Points)
26 November 2010
Cost of Machinery Rs.10 lakhs, Scrap value of asset is Rs.2.5 lakhs, Life period of Machinery is 10 years, and the depreciation is charged WDV.
Can I know how to calculate the depreciation amount.
Plz help, urgent.
CA Pratik Dharod
(Bussiness)
(178 Points)
Replied 26 November 2010
As per accounting standard depriciation will be Rs 75000 every year & not on WDV
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