As par companies act 2013

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kuldeep (Querist)
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14 August 2015 as par companies act 2013 how to calculated
deprecation on building
if building purchase on 22-12-05
rs 5969940 . please give solution as par sch.2

Amol S Joglekar

Amol S Joglekar (Expert)
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14 August 2015 Consider the WDV as on 01/04/2014?
Find out the remaining useful life of the building. (Take help of management of company or valuer or engineer. Dont try to do it by yourself)
Find out scrap value (Take help of management of company or valuer or engineer. Dont try to do it by yourself). Alternatively, you can assume 5% of 59,69,9470 as the scrap value
Charge the depreciation accordingly

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