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IF THE COMPUTER PURCHASED ON SEPTEMBER AND JANUARY AND
DECEMBER THEN HOW MUCH PERCENTAGE WE HAVE TO CALCULATE ?

Answers were Sorted based on User's Feedback



IF THE COMPUTER PURCHASED ON SEPTEMBER AND JANUARY AND DECEMBER THEN HOW MUCH PERCENTAGE WE HAVE T..

Answer / kiss

In a F.Y any Cost of Asset less than 180 days @50% of
Depreciation applicable.

Is This Answer Correct ?    11 Yes 0 No

IF THE COMPUTER PURCHASED ON SEPTEMBER AND JANUARY AND DECEMBER THEN HOW MUCH PERCENTAGE WE HAVE T..

Answer / dinesh karthick

If the Depreciable asset is purchased and put to use within
180 days i.e approx October 2 The depreciation % is reduced
by 50%

Is This Answer Correct ?    9 Yes 0 No

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Alpha Co. issued to the public for subscription 40000 shares of rs 10 each at discount of 10%payable as rs. 2 each on application, allotment and first call and rs.3 on the final call. Applications were received for 60000 shares and allotment was made pro-rata to 80% of applicants. R to whom 2000 shares were allotted paid only the application money, and S who had applied for 3000 shares,paid the entire call money due along with the allotment. pass journal entries to record the above transaction.

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