Depreciation as per companies act
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 August 2012
I just wanted to know that what is the consequenses if a company charges depreciation at SLM rate specified in companies Act but the method used is WDV.
Thanking You
Thanking You
CA Ayush Agarwal
(Expert)
22 August 2012
Make Correct This Year & report Same in Audit Report..
I Mean Nullify It.
I Mean Nullify It.
prateek aanchalia
(Expert)
22 August 2012
u once check in MOA & AOA for depreciation clause..
if u charge wrong method for dep. than u require to change this and also point out in audit report..
its known as wrong method followed by the company..
if u charge wrong method for dep. than u require to change this and also point out in audit report..
its known as wrong method followed by the company..
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