Depreciation as per companies act, 2013
This query is : Open
Harsh dedhia
(Querist)
03 April 2015
dear sir,
how to calculate depreciation if the under WDV Method if asset is purchased after 01.04.14 for e.g. 29/08/14 the following treatment is correct or not??
mobile purchased on 12.01.15, therefore no. of days upto 31.03.15 is 79 & life of an asset as per companies act 2013 is 5 years so total life in days = 5years * 12 months * 365 days=21900
depreciation per day = cost of an asset i.e.17900/21900=0.82 per day * 79 days = Rs. 65
company is following WDV method
how to calculate depreciation if the under WDV Method if asset is purchased after 01.04.14 for e.g. 29/08/14 the following treatment is correct or not??
mobile purchased on 12.01.15, therefore no. of days upto 31.03.15 is 79 & life of an asset as per companies act 2013 is 5 years so total life in days = 5years * 12 months * 365 days=21900
depreciation per day = cost of an asset i.e.17900/21900=0.82 per day * 79 days = Rs. 65
company is following WDV method
CA ANKUSH AGGARWAL
(Expert)
03 April 2015
it is correctly calculated...But i didnt get why you have given 29/08/14 as date
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Harsh dedhia
(Querist)
03 April 2015
it is correct even if company is following WDV method of Depn bcz according to me the above calculation is very much similar to SLM method's calculation
the date 29/08/14 was written by mistake
the date 29/08/14 was written by mistake
Harsh dedhia
(Querist)
03 April 2015
it is correct?? even if company is following WDV method of Depn bcz according to me the above calculation is very much similar to SLM method's calculation
the date 29/08/14 was written by mistake.
the date 29/08/14 was written by mistake.
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