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.
1 Replies
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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