Depreciation deduction
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 May 2013
Sir
Can you please explain me difference between WDV / FLAT depreciation method and which method is applicable in pvt. ltd. co
thanks & rgds
mukesh kumar
Can you please explain me difference between WDV / FLAT depreciation method and which method is applicable in pvt. ltd. co
thanks & rgds
mukesh kumar
26 May 2013
In Flat rate or Straight Line Method the fixed amount Depreciation is provided during the specified period (or say, life time)of the asset. Whereas in WDV method a fixed percentage is applied on the opening WDV, or, in case of newly purchased asset, on the cost of the asset.
.
In WDV method Depreciation is higher in the initial years and as the WDV reduces it also reduces accordingly.
.
Any method can be applied in a PVT Ltd Co.
.
For rates of Depreciation you may refer Schedule XIV to the Companies Act. Also refer Section 205 and Section 350.
.
.
In WDV method Depreciation is higher in the initial years and as the WDV reduces it also reduces accordingly.
.
Any method can be applied in a PVT Ltd Co.
.
For rates of Depreciation you may refer Schedule XIV to the Companies Act. Also refer Section 205 and Section 350.
.
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