Depreciation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 June 2013
depreciation is provided on net block or gross block?how are values in gross block,depreciation and net block of previous year treated in current year??
Rupesh Jain
(Expert)
26 June 2013
TWO METHOD OF DEPRECIATION UNDER COMPANY ACT
WDV IT MEANS AFTER DEDUCTION OF DEPRECIATION YOU TAKE DEPRECIATION ON REMAININ G VALUE
ANOTHER IF ON STRAIGHT LINE METHOD
IN THIS METHOD WE TAKE DEPRECIATION ON COST OF MACHINERY
IT MEANS EVERY YEAR DEPRECIAON REMAIN SAME IN EVERY YEAR
UNDER BOTH METHOD DEPRECIATION RATES ARE DIFF.
WDV IT MEANS AFTER DEDUCTION OF DEPRECIATION YOU TAKE DEPRECIATION ON REMAININ G VALUE
ANOTHER IF ON STRAIGHT LINE METHOD
IN THIS METHOD WE TAKE DEPRECIATION ON COST OF MACHINERY
IT MEANS EVERY YEAR DEPRECIAON REMAIN SAME IN EVERY YEAR
UNDER BOTH METHOD DEPRECIATION RATES ARE DIFF.
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