ABC Pvt. Ltd. has bought the Plant & Machinery of Rs.50L on 01-04-2009 and charging Depreciation @13.91% on W.D.V. Basis. Now, WDV of Plant & Machinery as on 01-04-2014 is 23.64L. so, please advice how can we calculate the depreciation from 01-04-2014 on aforesaid assets.
• Life of Plant & Machinery is 15 years as per Schedule II • Expired life is 5 years • Remaining life is 10 years.
Beside above, what is rate of depreciation on Flat purchased by the company
29 January 2015
Thanks for your valuable feedback but would you kindly requested to elaborate with aforesaid example. and what would be the dep. treatment of FLAT.