Depreciation as per companies act in slm method
This query is : Resolved
20 May 2013
Sir,If the
1. Computer purchased on 10th April 2012,
2. Computer purchased on 10th September 2012 3. Computer purchased on 10th December 2012 4. Computer purchased on 2nd March 2013 please tell me depreciation amount for the above 4 items
1. Computer purchased on 10th April 2012,
2. Computer purchased on 10th September 2012 3. Computer purchased on 10th December 2012 4. Computer purchased on 2nd March 2013 please tell me depreciation amount for the above 4 items
Ganeshbabu K
(Expert)
20 May 2013
depreciation on companies act shall be charged on assets as per schedue XIV
so as per this depreciation rate for computeres is 16.21%
depreciation as per companies act is to be caluculated on pro-rata basis from the date on which asset was purchased
so as per this depreciation rate for computeres is 16.21%
depreciation as per companies act is to be caluculated on pro-rata basis from the date on which asset was purchased
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