Depreciation calculation
This query is : Resolved
23 January 2016
how to calculate depreciation under companies act,
2013
23 January 2016
Pl see schedule II of the act . In brief the method is given below in seriatim.
1. find out the life of the asset from the schedule.
2. find out the depreciable value of the asset ie cost as reduced by the residual value which should be not less than 5% of coat.
3. divide the value as in 2 above by 1
4, resultant will be the anual depreciation.
1. find out the life of the asset from the schedule.
2. find out the depreciable value of the asset ie cost as reduced by the residual value which should be not less than 5% of coat.
3. divide the value as in 2 above by 1
4, resultant will be the anual depreciation.
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
- Opting our of sec 44AD
- LC charges in relation to Asset purchased should be Capitalised ?
- Multiple trade mark
- Transporter Declaration form
- Regarding TDS Applicability For Director Remuneration
- Regarding appeal to GSTAT
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Form 121 & TDS deduction
- Value of property in capital gain
- Copyright software
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
