Example 1:-
Asset purchased for 10 lacs on 1 April 2016 Depreciation Rate 15% Calculate Depreciation for next 5 years assuming SLM Method
Year | Opening Value | Depreciation | Closing Value |
2016-17 | 1000000 | 150000 | 850000 |
2017-18 | 850000 | 150000 | 700000 |
2018-19 | 700000 | 150000 | 550000 |
2019-20 | 550000 | 150000 | 400000 |
2020-21 | 400000 | 150000 | 250000 |
Example 2:-
Asset purchased for 10 lacs on 18 September 2016 Depreciation Rate 15% Calculate Depreciation for next 5 years assuming SLM Method
View Answer
Example 3:-
Suppose in Q2,asset sold for 500000 on 19 Dec 2021
No of Days used 01 April 2021 to 19 Dec 2021=263
View Answer