Depreciation as per company act 2013
This query is : Resolved
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.
what will be the amount on which depreciation is charged for balance sheet of FY 14-15.
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.
2. Addition may be considered as a separate asset on which depreciation may be charged for the useful life.
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
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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Reopen of assessment proceeding
- Depreciation of fixed assets- coop housing society in mumbai
- TDS on Consultancy- Non DTAA
- Rental income gst and it purpose
- EPF FULL & FINAL RULES IN 2026
- Experts need help
- Management System (IMS)
- Condonation . E-Verification of last year return .
- FTS Taxable under 115A
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
