Change in calculation of depreciation
This query is : Resolved
niketa c mehta
(Querist)
16 March 2015
It is mandatory to follow the new rules prescribed for the depreciation.?
In notes to account it is written that the company has not followed schedule II, by showing such can auditor discharge its obligation.?
please tell me what are the consequence of non consideration of new method of depreciation.
Will it affect true and fair view of the financial statement?
In notes to account it is written that the company has not followed schedule II, by showing such can auditor discharge its obligation.?
please tell me what are the consequence of non consideration of new method of depreciation.
Will it affect true and fair view of the financial statement?
16 March 2015
justification has to be given as to why it is not followed and if its not convincing then auditor may reporth the same in his report
Rupesh Jain
(Expert)
17 March 2015
new deprecation rate will be apply by you.
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