Depreciation as per new companies act 2013
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 August 2014
Pls tell me the treatment of belowmentioned details as per new companies act provisions-
Asset- Bldg , date of acquisition- 01.05.1998
WDV as on 31.03.2014-200000
Original cost - 500000/-
Accumulated Depreciation-90000/-
Life as per new companies act-60 year
Further asset revalued on 2005 to 300000/-
Asset- Bldg , date of acquisition- 01.05.1998
WDV as on 31.03.2014-200000
Original cost - 500000/-
Accumulated Depreciation-90000/-
Life as per new companies act-60 year
Further asset revalued on 2005 to 300000/-
Rupesh Jain
(Expert)
02 August 2014
you accu. depreciation will be rs. 300000/- not the rs. 90000/-. pls take depreciation rate as per new company act.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Capital Gail Exemption Certificate
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Oct 2025 Invoices
- MSME disclosure and disallowance
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
