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Example 1:- 

Asset purchased for 10 lacs on 1 April 2016 Depreciation Rate 15% Calculate Depreciation for next 5 years assuming SLM Method

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Example 2:-

Asset purchased for 10 lacs on 18 September 2016 Depreciation Rate 15% Calculate Depreciation for next 5 years assuming SLM Method

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Example 3:-

Suppose in Q2,asset sold for 500000 on 19 Dec 2021

No of Days used  01 April 2021 to 19 Dec 2021=263

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  1. Accounts and Finance
  2. Step 5 Preparing Projections and Budgets
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CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .
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