Company depreciatiuon maintain

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Querist : Anonymous

Querist : Anonymous (Querist)

22 August 2014 type of depreciation maintain by the company and what is uses of depreciation maintain in different method.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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24 August 2014 Only two type of depreciation methods.

1) Stright Line (SLM)
2) Written Down Value (WDV)

The total amount of depreciation charged over an asset's entire useful life (i.e. depreciable amount) is the same irrespective of the choice of depreciation method. The adoption of a particular depreciation method does however effect the amount of depreciation expense charged in each year of an asset's life. In SLM depeciation amount is same through out the useful life of asset whereas in WDV its higher at initial year and reduces every year.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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24 August 2014 Depreciation rates under CA 2013--

https://www.caclubindia.com/files0512/496179_62802_depreciation_rate.pdf

Depreciation rates under CA 1956--

https://paryca.org/images/Tax_%20matters/DepreciationRates%20as%20per%20co.%20act.pdf

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