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?
Vishnu Saboo
(Expert)
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
- Depreciation Chart Companies Act
- EPF ECR NEW FILE SEP 17TH 2026
- Capital Gail Exemption Certificate
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Under marginal scheme
- Capitalgain tax purposes for valuation report compulsory
- TDS on Fixed Assets purchased
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- Oct 2025 Invoices
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- 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?
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
