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of <h1>Terminal Allowance for Demolished Assets: Eligibility and Calculation Explained Under Depreciation Rules</h1> A terminal allowance is permitted for a block of assets that no longer exist due to demolition, destruction, discarding, or transfer within a financial year, provided the depreciation rate for that block is zero. The allowance is calculated using a formula: (A + B) / C, where A is the block's written down value at the start of the year, B is the cost of new assets acquired, and C is the amount received from the disposed assets, including scrap value. If the calculation results in a negative value, the terminal allowance is considered nil.
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