Depreciation

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A learner (Querist)
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16 February 2010 Hi All,

Query Ist
Companies Act says or suggests to depreciate 95% of assets???

I mean can i depreciate 100%??? or is it mandatory to stop at 95 %.

2nd

Further Can a item like mouse be capitalized with say amount 200 and Depr. with rate 100%( assume not taken along with PC) or i have to show it as repair and maintainence??

same way a pen drive worth Rs 1500 should be capitalized???

Aditya Maheshwari

Aditya Maheshwari (Expert)
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16 February 2010 There is no such recomdation in companies act to depreciate 95% or not. In fact whose actual cost does not exceed five thousand rupees, shall be provided depreciation at the rate of hundred per cent is mentioned in the companies act.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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16 February 2010 Agreed no such mandatory provision for depreciating 95%, you can consider salvage value and balance can be depreciated accordingly

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