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
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