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
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
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
CAclubindia
