Problem in calculating Dep. in case of change of partners

Harsimran Singh (Student) (204 Points)

07 September 2010  

Hello guys

The problem is that a firm has changed its partners on 31.07.2009.

So we have to make 2 (Balance Sheets) Depreciation Charts

- 1st from 01.04.2009 to 31.07.2009

- 2nd from 01.08.2009 to 31.03.2010

I want to know how to charge depreciation in second depreciation chart whether its on the written down value as on 01.08.2009 or on the wdv as on 01.04.2009 for 8 months.

 

Please reply asap.