Depreciation as per new act
This query is : Resolved
Priyanka Tiwari
(Querist)
14 July 2015
Sir
my query is that if my co. has made following additions to the asset furniture and fixture
13/4/2009- ?60000
23/6/2009- ?50000
30/9/2009-?40000
4/6/2010-?3000
and so on up to the year 2014
then whether i need to calculate new rate as per schedule ii for each addition seperately?
and if yes then whether i need to arrive at wdv as on 31/03/2014 as per old rates seperately for each addition considering each addition as seperate component?
Amol S Joglekar
(Expert)
14 July 2015
if the additions made are SEPARABLE....calculate the depreciation separately...because each would amount to a separate LINE item.
if NOT.....calculate lumpsum.
if NOT.....calculate lumpsum.
CA R SEETHARAMAN
(Expert)
14 July 2015
Each addition has to be treated as separate component and arrive at wdv as per old rates as on 31/03/2014.
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