Depreciation as per new act

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Priyanka Tiwari (Querist)
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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

Amol S Joglekar (Expert)
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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.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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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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