Depreciation as per company act
This query is : Resolved
Neeta Parwani
(Querist)
30 June 2015
As per new company act, Depreciation to be Calaculated on useful life of fixed asset.
There are more than 500 fixed assets in my company having different date of purchase and amt and purchased more than 10 years ago, It is not possible to calculate depreciation on individual assets. Is there any solution, please tell me
From Neeta Parwani (CA)
There are more than 500 fixed assets in my company having different date of purchase and amt and purchased more than 10 years ago, It is not possible to calculate depreciation on individual assets. Is there any solution, please tell me
From Neeta Parwani (CA)
CMA Ramesh Krishnan
(Expert)
30 June 2015
As per act, we need to calculate the each asset only. so any number of assets, the process will be same. no other go to comply the act
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