Dr. Sen has surgical equipments whose WDV as on 1-4-2016 was ₹ 4,10,000. He acquired some more equipments in December 2016 for ₹ 3,50,000. He sold equipment in March 2017 for ₹ 2,00,000 whose original cost was ₹ 1,70,000

CS Executive · Tax Laws and Practice · PYQS · June 2017
Dr. Sen has surgical equipments whose WDV as on 1-4-2016 was ₹ 4,10,000. He acquired some more equipments in December 2016 for ₹ 3,50,000. He sold equipment in March 2017 for ₹ 2,00,000 whose original cost was ₹ 1,70,000. The written down value of the block for the purpose of computing depreciation for the assessment year 2017-18 is:
(A) ₹ 5,90,000
(B) ₹ 5,60,000
(C) ₹ 7,30,000
(D) ₹ 4,30,000

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Income Tax

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