Calculation of Depreciation. Depreciation p.a = = 16,000 p.a Original Cost 1,00,000 Less: Depreciation till date 80,000 WDV 20,000 Less: Salvage Value 20,000 Profit on sale 0 When SLM method is used, Salvage Value should not be adjusted for tax purpose, we only considered SV as inflow unless there is a adjustment related to SV.
Appears in 3 contracts
Sources: Leasing Agreement, Lease Agreement, Leasing Agreement