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%
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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.
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