Calculation of Depreciation as per Companies act 2013
This query is : Resolved
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
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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Price inclusive or exclusive of GST while made entry in P& L Account
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Minimum tax payable to file Updated return
- Dep. as per companies act
- Tds on commission charges
- Applicability of GST on Salary Reimbursement Component
- CHECK RELATED
- Change Of Karta In Case of Death
- Renovation exp. in flat by family member
- UDIN ISSUE
- TDS on purchase of under construction property from a reseller
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
Quick Links
ARTICLESHIP
04 September 2026
Accounts Executive
Hema Yashwanth & Associates
Chennai
B.Com
View Details
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared
Getmyca Consultant Pvt Ltd
New Delhi
CA Inter
View Details
CCI
Pro
CAclubindia
