who to culculated depriciation of fixed asstes & buildings
Answer / sridhar
Calculation of depreciation in 4 ways, but for accounting
we are following 2 ways ie.,
1) Straight line depreciation method (SLM) and
2) Written down value method (WDV).
Mostly we are following Straight line depreciation (SLM)
for fixed assets. And for Buildings tax rate is 10% and
for hotel industry tax on building is 15%.
Is This Answer Correct ? | 4 Yes | 1 No |
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Mr X has invest Rs.150000/- from his saving bank a/c for fixed deposit after maturity he received with interest amt Rs.165000/- He requested bank to renewed the same excluding inst amt.Bank after deducting charges credit the insterest amt to Mr. X a/c..pass the Journal entry in the books of MR.X