Depreciation as per companies act 2013
This query is : Resolved
01 June 2015
If the cost of asset is not determinable how to calculate depreciation as per schedule II of companies act 2013.
01 June 2015
Why cost of asset is not determinable? You must have FA Register. Please put up the query in detail.
01 June 2015
For eg. If there a building purchased during 1992-1993, and its not possible to determine the original cost of the same, what should be done?
02 June 2015
At what value the Building is appearing in the books?
02 June 2015
I think it is the WDV. So you just need to depreciate it over the remaining useful life of the Asset.
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