Depreciation

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sonia (Querist)
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17 August 2017 In case of private limited company if no activity carried during the year , whether depreciation will be charged under companies act

sivaram

sivaram (Expert)
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17 August 2017 if there are fixed assets provide depreciation since it arises due to effluxion of time

ABHISHEK GARG

ABHISHEK GARG (Expert)
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17 August 2017 Depreciation is “a measure of the wearing out, consumption or other loss of value of depreciable asset arising from use, effluxion of time or obsolescence through technology and market-change.

"Effluxion of Time is also a factor.".

Amol S Joglekar

Amol S Joglekar (Expert)
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17 August 2017 Like IFRS, get the asset valued as at the year end and any diminution in the value shall be charged off as depreciation.....

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