Mr. ramesh purchased furniture of Rs.300000/- in 2014. he added new furniture in 2016 of Rs. 300000/- in 2018. he takes 50% furniture for personal use. what will be value of furniture as on 01/04/2019 if rate of depreciation considered @ 10% per annual or if it considered life of furniture 7 years then written down value method as on 01/04/2019
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As per WDV Method
From 2014 to 2016 Furniture Amount Rs 243000
2016. 243000+300000-54300-48870= 439830.
WDV value of the goods is Rs 439830.
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