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  • Assignment No 2 (Depreciation)

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    Reema Laser
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    Depreciation, additional depreciation, and investment allowance must be computed for AY 2015-16 and 2016-17. Information is provided on the purchase of second hand machinery, new computers, new plant and machinery acquired and installed on different dates, new air conditioners, and additional new plant and machinery. The document provides details on the block, dates, and amounts for various asset purchases and installations in order to calculate the requested values.

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    problem on depreciation

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    Depreciation, additional depreciation, and investment allowance must be computed for AY 2015-16 and 2016-17. Information is provided on the purchase of second hand machinery, new computers, new plant and machinery acquired and installed on different dates, new air conditioners, and additional new plant and machinery. The document provides details on the block, dates, and amounts for various asset purchases and installations in order to calculate the requested values.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Download as docx, pdf, or txt
    18 views1 page

    Assignment No 2 (Depreciation)

    Uploaded by

    Reema Laser
    Depreciation, additional depreciation, and investment allowance must be computed for AY 2015-16 and 2016-17. Information is provided on the purchase of second hand machinery, new computers, new plant and machinery acquired and installed on different dates, new air conditioners, and additional new plant and machinery. The document provides details on the block, dates, and amounts for various asset purchases and installations in order to calculate the requested values.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 1

    Assignment No.

    2
    Compute the Depreciation, Additional Depreciation and Investment
    Allowance for the A.Y. 2015-16 and 2016-17 from the following information :
    Sl.
    No
    1.

    2.
    3.

    Particulars
    Purchase of second hand machinery (15% block) on
    18.06.2014 for business purposes (the machinery
    was put to use immediately)
    Purchase
    new
    computers
    (60%
    block)
    on
    09.11.2014 for office
    Acquired and installed new plant & machinery (15%
    block) on 31.08.2014 (Rs. 60 crores) and on
    31.10.2014 (Rs. 30 crores)

    4.

    Amount (in
    Crores)
    13.00

    0.60
    90.00
    0.20

    New Air Conditioner purchased and installed in


    office premises on 31.07.2014
    5.
    6.

    20.00
    Acquired and installed new plant & machinery (15%
    block) on 01.04.2015

    CA Pinky AgarwalPage 1

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