Depreciation as per company act 2013

This query is : Resolved

vinee bansal (Querist)
Follow

11 June 2015 as per new act dep is charged on carrying amount of assets on 31/3/2014.what will happen if new assets is purchased during FY 14-15 OR addition made to assets existing on 31/3/2014.

what will be the amount on which depreciation is charged for balance sheet of FY 14-15.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

11 June 2015 1. Depreciate the carrying amount for the remaining life.

2. Addition may be considered as a separate asset on which depreciation may be charged for the useful life.

vinee bansal

vinee bansal (Querist)
Follow

11 June 2015 Ok sir.you mean suppose machine stands on 31/3/14 for 4560700.and new machine of similar nature purchase on 11/12/2014.then provide dep on carrying amt of machine stands on 31/3/2014 and provide dep for newly purchase assets seprately according to estimated useful life

vinee bansal

vinee bansal (Querist)
Follow

11 June 2015 Am i correct

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

NISHANT SIPANI

Amit Bhatkar

MAHESHA RAMANNA

J.Vijai

vinod

Subscribe Now

Depreciation as per company act 2013

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

CA Final

GST CONSULTANCY

Article Assistant

GST CONSULTANT

Accountant