04 May 2015
if new rates are already mention in depreciation chart as per co. act 2013. then why should be calculate new rate of depreciation according to formula mention below: rate= 1-(s/c)^(1/n))*100
06 May 2015
yes we had too... thats the main issue is going with us.. we are mining company and having thousands of assets in our books... seriously a tough job to handle this now
06 May 2015
Really sir its really tough work and irritating also :-( but we have to do this. sir i have a 1 more query that if we are not changing the method and using same method i.e WDV then is there any need to find out the difference between old and new rate of depreciation. if yes then how can we adjust the difference?
06 May 2015
sir i m very much confused in new co. act rules. please help me out i have a few queries. .. is the same rate charged in remaining life of assets which we will calculated on old assets in this f.y 2014-15 ?
CAclubindia
