Calculation of Depreciation as per Companies act 2013
This query is : Resolved
santanu pradhan
(Querist)
16 December 2019
Sir,
1. If an asset Purchased on March in the Financial year What will be the chargeable Depreciation as per companies Act 2013.
2. If an second hand asset Purchased during the Financial Year what will be the useful life if the remaining useful life is nil
1. If an asset Purchased on March in the Financial year What will be the chargeable Depreciation as per companies Act 2013.
2. If an second hand asset Purchased during the Financial Year what will be the useful life if the remaining useful life is nil
CA R SEETHARAMAN
(Expert)
16 December 2019
1 charge one month depreciation based on number of useful months available.
2 One year is the useful life so charge it fully.
2 One year is the useful life so charge it fully.
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