Depreciation as per co. act 2013
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 May 2015
is the same rate of depreciation charged on remaining life of assets which we will calculated in this f.y 2014-15 on old assets?
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.
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