Answered step by step
Verified Expert Solution
Question
1 Approved Answer
33. The W.D.V. of a block (Plant and Machinery, rate of depreciation 15%) as on 1.4.2020 is 3,20,000. A second hand 'machinery costing 50,000 was
33. The W.D.V. of a block (Plant and Machinery, rate of depreciation 15%) as on 1.4.2020 is 3,20,000. A second hand 'machinery costing 50,000 was acquired on 1.9.2020 through account payee cheque but put to use on 1.11.2020. During Jan 2021, part of this block was sold for 2,00,000. The depreciation for A.Y.2021-22 would be
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started