Can a company follow wdv on some assets and slm on remaining
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 December 2014
Dear Experts,
As per Companies Act,2013 Is the company permitted to follow 2 methods of Depreciation i.e.WDV on some of its assets like Buildings and SLM on rest of the assets eg Mobile Phones etc.
Please share your thoughts...
Thanks in Anticipation.
As per Companies Act,2013 Is the company permitted to follow 2 methods of Depreciation i.e.WDV on some of its assets like Buildings and SLM on rest of the assets eg Mobile Phones etc.
Please share your thoughts...
Thanks in Anticipation.
CA R SEETHARAMAN
(Expert)
08 December 2014
Yes it can follow but properly disclosed in the accounting policy.
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