Depreciation as per new act
This query is : Resolved
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?
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.
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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