03 December 2015
Dear experts, Assume i have purchased machinery on 3/12/2015, of Rs. 100000/- and it's useful life is 10 year, however dep. As per SLM is 4% and dep. As per income tax is 15% plz provide me the method of dep. Calculation as per SLM with an example....
03 December 2015
Here the life is 10 years and you have to retain 5% residual value. So you have to depreciate 95% value in 10 years under SLM. So your depreciation rate under SLM is 9.5% i.e 95%/10.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
03 December 2015
Dear sir, many thanks for your valuable reply. But i am bit confused in your above reply my confusion is below mention under point... (1) what's the means of residual value. (2) why i have retain 5% residual value. (3) how did you figure out that 5% residual value will be retain,