Can we follow two method of depreciation ?
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 October 2013
Dear Sir
Can we follow two method of depreciation for assets purchased by the company.
For instance SLM method for PLANT & MACHINERY AND all other assets WDV method of depreciation. AS per AS requirements.
Thanks
Rengasamy.R
Can we follow two method of depreciation for assets purchased by the company.
For instance SLM method for PLANT & MACHINERY AND all other assets WDV method of depreciation. AS per AS requirements.
Thanks
Rengasamy.R
04 October 2013
yes allowed but it must be dislcosed in the notes to accounts and its effect on financial statements.
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 October 2013
Thanks for reply, can you give me the link or guideline note, so that i can also read.
Thanks
Rengasamy
Thanks
Rengasamy
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
- Oct 2025 Invoices
- Under marginal scheme
- Import of Software Service.
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
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
