Hari Krishna Vidhyut Company Ltd. engaged in the business of generation and distribution of power and electricity has opted WD V method for claiming depreciation on its assets. The opening balance of the block of Plant and Machinery depreciated @ 1596 on 1st April 2020 was ₹ 15,00,000. New machines of an amount of ₹ 25,00,000 were purchased on 15th Nov. 2020 but put to use from 1st December 2020. Computers for ₹ 2,00,000 were purchased on 9th Sept. 2020 and put to use in business since that date. The depreciation including the additional depreciation available to the company on plant and machinery and on the computers shall be of an amount of for AY 2021-22.

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Question:Hari Krishna Vidhyut Company Ltd. engaged in the business of generation and distribution of power and electricity has opted WD V method for claiming depreciation on its assets. The opening balance of the block of Plant and Machinery depreciated @ 1596 on 1st April 2020 was ₹ 15,00,000. New machines of an amount of ₹ 25,00,000 were purchased on 15th Nov. 2020 but put to use from 1st December 2020. Computers for ₹ 2,00,000 were purchased on 9th Sept. 2020 and put to use in business since that date. The depreciation including the additional depreciation available to the company on plant and machinery and on the computers shall be of an amount of for AY 2021-22.

1.₹ 4,92,500

2.₹ 5,32,500

3. ₹ 7,82,500

4.₹ 7,42,500

Posted by R4R Team
  1. Hari Krishna Vidhyut Company Ltd. engaged in the business of generation and distribution of power and electricity has opted WD V method for claiming depreciation on its assets. The opening balance of the block of Plant and Machinery depreciated @ 1596 on 1st April 2020 was ₹ 15,00,000. New machines of an amount of ₹ 25,00,000 were purchased on 15th Nov. 2020 but put to use from 1st December 2020. Computers for ₹ 2,00,000 were purchased on 9th Sept. 2020 and put to use in business since that date. The depreciation including the additional depreciation available to the company on plant and machinery and on the computers shall be of an amount of for AY 2021-22.
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