Calculation of dep. as co.act. 2013
Querist : Anonymous
pls. provide me appropriate calculation as soon as possible.
it means balance amt.7369 will be deducted from retained earnings? as well as where residual value will be adjusted?
As per companies act 2013 The useful life of your computer is nil.
So no depreciation will be charged.
Dear take the residual value (maximi=um 5% of original cost) & deduct it from the WDV i.e 7757/- the balance amount will be transferred to the opening balance of retained earnings
Querist : Anonymous
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