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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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant with 16+ years of practical experience and 20+ years of teaching experience. At Teachoo, he simplifies Accounts, Tax and GST with step-by-step examples so students can apply concepts confidently in exams and real life.

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