Calculation of depreciation as per schedule ii of companies
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 May 2015
I need formula for calculation of Rate of Depreciation as per WDV method, using useful life and salvage value as per schedule II of Companies Act, 2013 .
Format in Excel sheet will be preferred.
Format in Excel sheet will be preferred.
03 May 2015
You can try calculating WDV rate of Depreciation yourself using below formula:
r = 1-(s/c)^(1/n)
Where,
r = rate of depreciation
s = scrap value
c = cost of assets
n = no. of year of life of assets
For example take Plant & Machinery:
r=1-(5/100)^(1/15)
=18.10%
r = 1-(s/c)^(1/n)
Where,
r = rate of depreciation
s = scrap value
c = cost of assets
n = no. of year of life of assets
For example take Plant & Machinery:
r=1-(5/100)^(1/15)
=18.10%
Message likes :
1 times
03 May 2015
https://www.caclubindia.com/share_files/files_display_search_results.asp?search_txt=depreciation+companies+act+2013&x=25&y=13
Also check out various files and Excel sheets from above link.
Also check out various files and Excel sheets from above link.
Message likes :
2 times
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
- GSTR9 Annual Return
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Ito add credit side of bank
- Reward for festival
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Employee secondment
- Import of Capital Machine
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Gift to nri relatives resides in usa
- Capital gain on commercial property and investment in residential property
- Appointment of Auditor By Form ADT-1
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
CAclubindia
