Question

Das&co.purchased asecond hand plant on 1st july2005 at cost of rs 90000 andincurred there om rs4000as erection charges the co wants to provides depreciation at 10%p.aon the sameday

Answer 1

FOR THAT YEAR WE HAVE TO CALCULATE THE DEPRECIATION FOR 9 MONTHS

SO THE DEPRECIATION  AMOUNT IS= 90000*9/12*10/100

=6750