Depreciation
This query is : Resolved
Ashwani Narnoli
(Querist)
05 July 2014
Plz solve the query. As we already know that new companies act is in force. As per this depreciation will be calculated on the basis of usefull life as prescribed instead of rates. So if a listed company wants to prepare its Q1 results for 2014-15 whether the new methosd would be used or old one.
Rupesh Jain
(Expert)
05 July 2014
in new company act use full life and rate of depreciation also given.
you take new rate depreciation due ot act will effective from 1.4.2014.
you take new rate depreciation due ot act will effective from 1.4.2014.
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