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Depreciation

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 September 2014 is company can use different method or rate of depreciation for same plant & machinery
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
28 September 2014 No. There should be uniformity in the method of depreciation followed.
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Querist : Anonymous

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Querist : Anonymous (Querist)
28 September 2014 Thank u sir but just recent I was read from ds rawat sir's book that the same que which I asked here.. & answer given in that book is yes. So how it is permissible???
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
28 September 2014 Its not permissible without any proper justification. If there is any justification at all it needs to be disclosed in notes to accounts.
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