PCC Nov 2011
Page no : 2
Kamal
(article)
(165 Points)
Replied 02 November 2011
K.Bharath singh
(Article assistant)
(36 Points)
Replied 02 November 2011
K.Bharath singh
(Article assistant)
(36 Points)
Replied 02 November 2011
Kamal
(article)
(165 Points)
Replied 02 November 2011
CMA Sreekrishna Gurram
(Functional Consultant)
(29 Points)
Replied 03 November 2011
| Originally posted by : radhika agarwal | ||
 |
i got dep as 90,000/- from 4th year.......... |
 |
Yup i got the same
Pakshal Shah
(Practicing Chartered Accountant)
(271 Points)
Replied 03 November 2011
Dhanu
(Article Student)
(31 Points)
Replied 03 November 2011
Praveen CP
(--)
(274 Points)
Replied 03 November 2011
Dear all,
please do not worry so much abt exam that is over. Forget accounts and concentrate on other paper. After exams, you may have a discussion.
CA Jayesh Samudra
(Self Employed)
(97 Points)
Replied 03 November 2011
Working for dep is as below:
For 1st 3 years on SLM basis: (O. Cost- Resi Value @ end)/total useful life
= (12,00,000-2,00,000)/10 = 1,00,000 for each year..
so wdv at end of 3rd year= 9,00,000 (12,00,000-3,00,000)..
After Revaluation WDV of asset= 9,00,000+3,00,000=12,00,000
Also Revaluation of Residual Valu= 2,00,000+1,00,000= 3,00,000
Also remaining useful life was reassessed to 10 years.
So from 4th year using the above formula again Dep will be
=(12,00,000-3,00,000)/10 = 90,000...
As per AS 6 when there is no change in method of application of Dep it shall not be charged back on retrospective basis!!!
ANKIT SRIVASTAVA
(Article Assistant)
(100 Points)
Replied 03 November 2011
I agree with jayesh A Samudra dep was Rs 90000/-
and Sales Ratio is 6:14
Best of luck
CA Jayesh Samudra
(Self Employed)
(97 Points)
Replied 03 November 2011
Sales Ratio was 2:7 (or 4:14)
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