Depreciation as per company act
This query is : Resolved
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)
30 June 2015
U can create block of assets on which same rate of Depreciation is charged. By this way whole of the block will b depreciated instead of individual assets
05 July 2015
But every asset has different useful life
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