Depreciation

This query is : Resolved

Prakash kumar (Querist)
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25 April 2015 Dear sir , i have no knowledge of how to charge depreciation on fixed assets like motor vehicle ? please give some solutions ?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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25 April 2015 Depreciation to be calculated as per Companies Act 2013 from FY 2014-15 onward.

Check out Application Guide on the provisions of Schedule II to the Companies Act 2013 by Corporate Laws & Corporate Governance Committee of ICAI from link given below:

http://220.227.161.86/37329clcgc27675.pdf

Also Check out files from links given below:

https://www.caclubindia.com/files0512/160320_66209_depreciation__summary.pdf

https://www.caclubindia.com/files0512/1415307_66291_depreciation.pdf

Check out rates from link given below:

https://www.caclubindia.com/files0512/496179_59179_depreciation_rate_chart_companies_act_2013.pdf