02 July 2015
Assets constructed in 2008 which is ready for use and Completion certificate for the same received in 2014-15, then what will be deprecation as per Co. Act 2013
02 July 2015
Asset will be capitalized after completion certificate is received and asset is put to use. So you need to depreciate following Schedule II of Companies Act 2013.
Check out rates from link given below based on useful life as per schedule II:
02 July 2015
if completion certificate is received in the F.Y. 2014-15 and and Assets put to use from 2008-09, then what will be the treatment of depreciation up to 31.03.2014
and what is value of assets to be consider for calculation of depreciation as per Companies act 2013
02 July 2015
How can you put asset to use without getting the completion certificate? Only after getting the completion certificate asset can be capitalized and put to use.
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