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

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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