Depreciation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 February 2010
We have old assets being depreciated at WDV in Financial Books. Now We want to buy Assets 9 Plant & Machinery ) and depreciate them at SLM.
1.Is both method allowed?
2.If Allowed what is the procedure?
3.What disclosures are required?
1.Is both method allowed?
2.If Allowed what is the procedure?
3.What disclosures are required?
01 February 2010
As per AS-6 combnation of more than one method can be used based on the Asset type and nature and circumstances prvailing in the business
but selected depreciation method should be followed consistently period to period
As per AS-6 diclosure Depraciation method should be disclosed
but selected depreciation method should be followed consistently period to period
As per AS-6 diclosure Depraciation method should be disclosed
01 February 2010
As per AS-6 combination of more than one method can be used based on the Asset type and nature and circumstances prvailing in the business
but selected depreciation method should be followed consistently period to period
As per AS-6 diclosure Depraciation method should be disclosed
but selected depreciation method should be followed consistently period to period
As per AS-6 diclosure Depraciation method should be disclosed
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