Depreciation accounting
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 May 2015
Sir
I was using depreciation rate of companies act 1956 as per WDV method. Now can anybody tell me the useful life of those assets in terms of year. For eg if rate of furniture & fixture is 18.10% then what is the life of furnitre in terms of year.
I need it for every asset and also the calcultion way
I was using depreciation rate of companies act 1956 as per WDV method. Now can anybody tell me the useful life of those assets in terms of year. For eg if rate of furniture & fixture is 18.10% then what is the life of furnitre in terms of year.
I need it for every asset and also the calcultion way
Amol S Joglekar
(Expert)
29 May 2015
the right person to contact for finding out the useful life of the asset are
a. Manufacturer of that asset or
b. Chartered Engineer
a. Manufacturer of that asset or
b. Chartered Engineer
Amol S Joglekar
(Expert)
29 May 2015
with 5 % residual value, the life of asset having a depreciation rate of 18.1% comes to 15 years
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