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
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter7: Operating Assets
Section: Chapter Questions
Problem 6MCQ: Refer to the information for Cox Inc. above. What amount would Cox record as depreciation expense...
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