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Depreciation

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02 July 2015 how to calculate the useful full life of the assets for the purpose of sechulde 2 of the new companies act 2013 in case of new incorporated company
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
02 July 2015 For newly incorporated companies it is very easy compared to old companies. You need not Calculate useful life of asset as it is given in schedule II.

Check out rates from link given below based on useful life as per schedule II:

https://www.caclubindia.com/files0512/496179_59179_depreciation_rate_chart_companies_act_2013.pdf
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
02 July 2015 Also Check out Application Guide on the provisions of Schedule II to the Companies Act 2013 by Corporate Laws & Corporate Governance Committee of ICAI from link given below:

https://220.227.161.86/37329clcgc27675.pdf

Also Check out files from links given below:

https://www.caclubindia.com/files0512/160320_66209_depreciation__summary.pdf

https://www.caclubindia.com/files0512/1415307_66291_depreciation.pdf
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