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Depreciation
Accountancy
Can anyone please send ans to this question
Answers (7)
CA Suraj Lakhotia Admin
What is your doubt? Did you try solving on own?
Yes sir i tried but i didn't get it...How is this provision for depreciation calculated..??
CA Suraj Lakhotia Admin
Provision for depreciation is total depreciation over years. For each year you calculate depreciation based on available assets
Machines purchased in 2002 and 2008 are fully depreciated. So no more depreciation.
CA Suraj Lakhotia Admin
Provision for depreciation is total depreciation over years. For each year you calculate depreciation based on available assets
Okay sir...But my doubt is... in this problem they calculated provision for 2010 for 1 and half year and 2017 for one year and again 2019 for half year How to calculate those years sir..??
Thread Starter
LAVANYA MOkay sir...But my doubt is... in this problem they calculated provision for 2010 for 1 and half year and 2017 for one year and again 2019 for half year How to calculate those years sir..??
Plant purchased in 2010 is sold. The question mentions that all purchases and sales happen in mid of year. So 1/2 year for those sold. Full year for others.
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