How to calculate depreciation on sale of fixed assets?

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Solution

Depreciation on sale of fixed assets can be calculated by the following methods:

Straight line method

Written down value method (WDV)

Also read:

What Is Depreciation

Difference Between Depreciation Expense and Accumulated Depreciation

MCQs on Depreciation

What Is Depreciation Expense

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While preparing a fixed asset Account, if the balancing figure comes on the credit side, the should it be treated as depreciation or sale of fixed asset? Why?

Topic - Calculating cash flow from investing activities.

Q. From the following details calculate net profit on accrual basis.

Particulars	Rs.
Goods sold for cash	$5, 00, 000$
Credit sales	$25, 000$
Cash purchases	$4, 00, 000$
Credit purchases	$50, 000$
Wages paid	$20, 000$
Outstanding expenses	$10, 000$
Rent paid	$5, 000$
Rent outstanding	$2, 000$
Depreciation on building	$10, 000$
Loss on sales of fixed assets	$1, 000$

Depreciation on fixed assets is _________.

tangible asset

2011-12 9,00,000

2010-11 8,00,000

adjustment :

depreciation charged on tangible asset during the year amounted to Rs 3,00,000

how to calculate this ?? is there a need to prepare fixed asset a/c ?? if no then how to do this without fxed asset a/c ?

A company has to disclose depreciation provided on fixed assets and amortization of intangible assets under ___

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