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3. A resident company established under company Act, 2063 has provided th following information with respect to assets of Group- 'D' (Provision for depreciation) The
3. A resident company established under company Act, 2063 has provided th following information with respect to assets of Group- 'D' (Provision for depreciation) The opening WDV of assets Rs 10,00,000 during the previous year the company Purchased assets as: On May Rs 5.00.000 On Chaitra Rs 6.00.000 On Baisakh Rs 3.00.000 Company disposed of the part of asset during the previous year at Rs 5.00.000 (Book value Rs 4,00,000) Repair expenses were incurred during the previous year Rs.120,000 Required: - Allowable depreciation for the year b. Closing WDV at the end of the year. a. 3. A resident company established under company Act, 2063 has provided th following information with respect to assets of Group- 'D' (Provision for depreciation) The opening WDV of assets Rs 10,00,000 during the previous year the company Purchased assets as: On May Rs 5.00.000 On Chaitra Rs 6.00.000 On Baisakh Rs 3.00.000 Company disposed of the part of asset during the previous year at Rs 5.00.000 (Book value Rs 4,00,000) Repair expenses were incurred during the previous year Rs.120,000 Required: - Allowable depreciation for the year b. Closing WDV at the end of the year. a
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