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Company Asset Depreciation

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(Querist)
03 April 2008 Dear All,

Pls send what is the calculation method of depreciation (For Comapany).
Pls give also example. Best if send in Excel format.
Awaiting your valuable guidence.
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Jitender

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Jitender (Expert)
03 April 2008 rates are given in schedule-XIV of companies act & method will be ,as per the policy of the company.depreciation will be calculated on pro-rata basis.
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R.V.RAO

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R.V.RAO (Expert)
03 April 2008 YES MR JITENDER IS RIGHT.
SCHEDULE XIV OF COS. ACT STATES THE RATES OF DEP. APPLICABLE FOR VARIOUS ASSETS.
METHOD OF DEP. SHOULD BE PRORATA AND SHOULD BE CONSISTENT UNLESS A COMPANY EXPLAINS THE REASIONS FOR CHANGING THE METHOD OF DEP.
R.V.RAO
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Rahul Suresh Jinde

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Rahul Suresh Jinde (Querist)
03 April 2008 Thank you very much.
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