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i want to know the calculation of depreciation (WDV) on asset. And i want to know also, if we buy any asset before 30.09.11 date then how to calculate the depreciation on asset.. plz tell me with detailed example...
From India, Hyderabad
Suppose if u purchase an Asset on 30/9/2011.
First u need to decide the period in which u need to deduct depreciation supposed from 1/1/2011 to 31/12/2012 or financial year a/4/2011 to 31/3/2012.
if u calculate from 1/1/2011 to 31/12/2012 then calculation will be
Asset Value 100000
Depreciation Rate 10% WDV method.
In next year u need to calculate 10% on 90000 because 100000-10000(first year depreciation is 10000)=90000*10/100
100000/10/100=10000 per year
if u calculate from 1/4/2011 to 31/03/2012 then calculation will be

From India , Hyderabad
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