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

Rupesh Jain (Expert)
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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.