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Can we follow two method of depreciation ?

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Querist : Anonymous

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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
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
04 October 2013 yes allowed but it must be dislcosed in the notes to accounts and its effect on financial statements.
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Querist : Anonymous

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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
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