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Depreciation as per companies act 13

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 June 2015 What if i dont have the date of installion of asset & i want to depreciate it as per companies act 13 bcoz the asset is still in use...

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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
30 June 2015 Then i think you need to estimate the remaining useful life of the Asset and depreciate it over the remaining useful life after keeping the scrap value.

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