Depreciation as per co. act 2013
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 May 2015
Is the rate of depreciation calculated on old assets in the financial year 2014-15, will be continue till the remaining life of asset?
06 May 2015
if you have recalculated the rate of dep on old assets as per co. act 2013, this rate will remain upto useful life end of asset for SLM.
Message likes :
1 times
06 May 2015
The crux is that you need to depreciate the assets fully over the remaining useful life of the asset. So if the rate is derived in such a way that the asset will be fully depreciated over the remaining useful life then the same rate will be used till the asset is fully depreciated.
Message likes :
1 times
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
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- Under construction property in ITR
- Pass word to open justification report for Q1 for FY 2026-27
- Upload Level ValidationITR3Category of Defect B/D
- Booth for sales promotion
- Building tax payment deduction in rental Income
- New Garden in Place of Old Garden
- GST ON TRAVELLING BILLS
- F & O PROFIT REPORTING FOR AY 2026-27
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
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
