Depreciation
This query is : Resolved
deepak kumar
(Querist)
07 April 2008
if we have charged depreciation around 93% till date. can we write of only 2% in next year to fullfill 95% condition if we r following SLM method
S.Srinivasaraghavan
(Expert)
07 April 2008
what is the asset category and depreciation rate, and what is the method followed ?
07 April 2008
Your question not clear. 95% depn means about scrap value for plants etc. Inform the asser category etc & details
Your question not clear. 95% depn means about scrap value for plants etc. Inform the asser category etc & details
CA. Vineet Grover
(Expert)
08 April 2008
Hi Deepak,
As per SLM method, there will not be any balance coz under SLM fixed amount of depreciaition is charged every year. Further, the balance shall be traeted as scrap.
Rgds/
Vineet
As per SLM method, there will not be any balance coz under SLM fixed amount of depreciaition is charged every year. Further, the balance shall be traeted as scrap.
Rgds/
Vineet
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Employee secondment
- Ito add credit side of bank
- GSTR9 Annual Return
- Applicability of tax on invoice
- Import of Capital Machine
- LLP audit and disclosure
- Capital gain on commercial property and investment in residential property
- Rectification under processing even after 6 months cpc portal
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
