25 May 2016
When a new asset is added, then the rate of depreciation is to be applied on whole addition or addition less salvage value? ie on the 100% or 95% of the addition? how to carry forward the balance depreciable amount?
25 May 2016
The form of organisation plays important role. Under Companies Act 2013, the method suggested is SLM. It does take into account the economic life (useful life) and Salvage value.
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