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Depreciation as per company act

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30 June 2015 As per new company act, Depreciation to be Calaculated on useful life of fixed asset.

There are more than 500 fixed assets in my company having different date of purchase and amt and purchased more than 10 years ago, It is not possible to calculate depreciation on individual assets. Is there any solution, please tell me

From Neeta Parwani (CA)

30 June 2015 U can create block of assets on which same rate of Depreciation is charged. By this way whole of the block will b depreciated instead of individual assets

05 July 2015 But every asset has different useful life






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