The WDV of a block of asset depreciated@ 15% as on 1st April, 2019 was of ₹ 3,00,000. Out of this block, one machine was sold for X 2,00,000 on 1 st July, 2019 and a new machine of ₹ 6,00,000 added on 1st August, 2019 was put to use only from 1st Sept., 2019. The amount of depreciation to be claimed(in the manner most beneficial to the assessee) in the A.Y. 2020-21 shall be :
A. ₹ 1,20,000
B. ₹ 96,000
C. ₹ 1,05,000.
D. ₹ 60,000
Answer:C
The WDV of a block of asset depreciated@ 15% as on 1st April, 2019 was of ₹ 3,00,000. Out of this block, one machine was sold for X 2,00,000 on 1 st July, 2019 and a new machine of ₹ 6,00,000 added on 1st August, 2019 was put to use only from 1st Sept., 2019. The amount of depreciation to be claimed(in the manner most beneficial to the assessee) in the A.Y. 2020-21 shall be :
A. ₹ 1,20,000 B. ₹ 96,000 C. ₹ 1,05,000. D. ₹ 60,000