Q 1. For all the blocks given below compute the written down value as on March 31,2021, for assessment year 2021-22 (all fig.in Rs.) Block of Asset Depreciation rate Value as on April1, 2020 (Rs.) 30,000 1000000 300000 7000000 250000 Furniture Building 10 10 Plant and Machinery 20 Plant and Machinery 15 Plant and Machinery 40 During the previous year 2020-21 following transactions were done by him- Date of Purchase October1,2020 July 20, 2020 December 12,2020 Date of Put to use Asset Cost Depreciation rate Copy right Plant-Second hand November 10,2020 August 22,2020 January 10,2021 February 10,2021 January 15,2021 Determine the amount of depreciation for the assessment year 2021-22 20000 25 200000 40 Office appliances Car 150000 200000 15 January 10,2021 January 10,2021 15 Books for professional use 50000 40
Q 1. For all the blocks given below compute the written down value as on March 31,2021, for assessment year 2021-22 (all fig.in Rs.) Block of Asset Depreciation rate Value as on April1, 2020 (Rs.) 30,000 1000000 300000 7000000 250000 Furniture Building 10 10 Plant and Machinery 20 Plant and Machinery 15 Plant and Machinery 40 During the previous year 2020-21 following transactions were done by him- Date of Purchase October1,2020 July 20, 2020 December 12,2020 Date of Put to use Asset Cost Depreciation rate Copy right Plant-Second hand November 10,2020 August 22,2020 January 10,2021 February 10,2021 January 15,2021 Determine the amount of depreciation for the assessment year 2021-22 20000 25 200000 40 Office appliances Car 150000 200000 15 January 10,2021 January 10,2021 15 Books for professional use 50000 40
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter11: Depreciation, Depletion, Impairment, And Disposal
Section: Chapter Questions
Problem 14RE: (Appendix 11.1) Auburn Company purchased an asset on January 1, Year 1, for 150,000. The asset has a...
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