Depreciation as per company act
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 June 2015
Depreciation as per company act
whether while calculating depreciation as per company act sunday and other holiday shall be excluded to calculate depreciation on day basis,
whether while calculating depreciation as per company act sunday and other holiday shall be excluded to calculate depreciation on day basis,
10 June 2015
No. It should not be excluded.
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 June 2015
sir,
if assets bought during the previous year then how nany days shall be calculated and if assets purchased many year back then depreciation can be charged for 365 days
if assets bought during the previous year then how nany days shall be calculated and if assets purchased many year back then depreciation can be charged for 365 days
10 June 2015
Depreciation to be charged for No of days of year during which asset was in use.
Say asset was purchased and put to use on 01.03.2015 so in this case depreciation should be charged for 31 days.
Say asset was purchased and put to use on 01.03.2015 so in this case depreciation should be charged for 31 days.
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