change in deprecaition policy
This query is : Resolved
03 July 2011
this is a questio in icwa.
depreciation under slm for YE 31.03.2010 - 100 lakh
depreciation under wdv for YE 31.03.2010 - 200 lakh
excess of depreciation for earlier yrs calculated under wdv over slm 500 lakhs
the co. wants to change the method from slm to wdv,
decide how the dep. should be disclosed in the FS for ye 31.03.2010
depreciation under slm for YE 31.03.2010 - 100 lakh
depreciation under wdv for YE 31.03.2010 - 200 lakh
excess of depreciation for earlier yrs calculated under wdv over slm 500 lakhs
the co. wants to change the method from slm to wdv,
decide how the dep. should be disclosed in the FS for ye 31.03.2010
CA Rajnish Srivastav
(Expert)
03 July 2011
EXCESS DEP. OF P.Y'S 500LAKH AND C.Y'S DEP. 200LAKH TOTAL 700 LAKH SHOULD BE DISCLOSED IN THE FINANCIAL STATEMENT FOR YEAR 31/3/2010.
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