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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text: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
10
10
20
Building
Plant and Machinery
Plant and Machinery
15
Plant and Machinery
40
During the previous year 2020-21 following transactions were done by him-
Cost
20000
Depreciation rate
Date of Put to use
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
Asset
Copy right
Plant-Second hand
Office appliances
Date of Purchase
October1,2020
July 20, 2020
December 12,2020
January 10,2021
January 10,2021
25
200000
40
150000
200000
15
Car
15
Books for professional use
50000
40
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