Depreciation as per schedule ii
This query is : Resolved
puneeta verma
(Querist)
17 May 2015
sir , kindly tell me the treatment for additions made prior to 1st april 2014 in depreciation schedule.whether all old additions are to be considered seperately?
17 May 2015
Assets acquired prior to 01.04.2014 are to be depreciated based on remaining useful (Useful Life as per Schedule II-Life expired).
Residual value is to be depreciated proportionately over the remaining useful life.
Residual value is to be depreciated proportionately over the remaining useful life.
puneeta verma
(Querist)
17 May 2015
Thanks sir
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