Change in calculation of depreciation

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niketa c mehta (Querist)
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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?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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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

Rupesh Jain (Expert)
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17 March 2015 new deprecation rate will be apply by you.

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