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Discussion > Accounts > AS >

Diff. rate of depreciation

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CA & CS

[ Scorecard : 92]
Posted On 29 May 2012 at 14:23 Report Abuse

Hi, can anyone tell me.

That for same category of assets can we apply different methods of depreciation in the companies books of accounts?????????????



Z
╭∩╮(︶-︶)╭∩╮

[ Scorecard : 620]
Posted On 06 June 2012 at 21:40


Text from guidance note on Accounting for Depreciation in Companies

A company may adopt more than one method of depreciation. Thus, it is permissible to follow different methods for different types of assets provided the same methods are consistently adopted from year to year in accordance with Section 205(2). Also, units in different geographical locations can follow different methods of depreciation provided the same are consistently followed

 

I liked

http://220.227.161.86/eac/eacfinal/vol21/50.htm



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