Depreciation
This query is : Resolved
03 September 2011
Hi,
Can a company choose the method of depreciation differently for its different fixed assets. For eg: Straight Line Method according to the life time of the asset for Vehicle and WDV method as per rates given in Companies Act for Office Equipments in the same year. Consistency will be followed in the method of depreciation adopted for different assets.
Can a company choose the method of depreciation differently for its different fixed assets. For eg: Straight Line Method according to the life time of the asset for Vehicle and WDV method as per rates given in Companies Act for Office Equipments in the same year. Consistency will be followed in the method of depreciation adopted for different assets.
03 September 2011
yes. it can be used and the same will be mentioned in the Accounting policy of company
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
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- RELATED TO TRIBUNAL APPEAL
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- TODAY INCOME TAX SITE IS NOT WORKING ANY OFFICIAL EXTENSION
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- ITR 4 and Bank transactions
- HOUSING LOAN ISSUE
- TDS AND ITR ISSUE
- Journal entry of busniess expenses
- Cash balance limit and property purchases limit
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
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
