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Depreciation calculation.

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(Querist)
08 August 2013 I have a doubt regarding Depreciation calcuation under Straight line basis..
Asset cost as on 1.4.12 - rs 5000
Accumalated Dep as on 1.4.12 - rs 4500
Rate of dep 16% SLM. What will be the dep for the year 12-13 under co's act??

Thank you
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
08 August 2013 you have to keep 5% salvage value for all asset while depreciating. so given asset has only 5% salvage value, no need to depreciate, even you want to do you can depreciate only Rs.500 and make asset as Nil value
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