Depreciation method
This query is : Resolved
26 November 2014
May i know the depreciation method applicability into Intangible assets.
26 November 2014
Income tax allows the rate 25% . Reducing Balance Method.
Companies Act has different rates depending upon useful life....3 to 10 years, as per the nature of intangible asset
Companies Act has different rates depending upon useful life....3 to 10 years, as per the nature of intangible asset
26 November 2014
bt our CA applied straight line method.
26 November 2014
For Income Tax or Companies Act?
26 November 2014
Amol, it's simplier understood bcz u said for IT act we will charge 25% written down.
same usewell i am asking about companies act
same usewell i am asking about companies act
26 November 2014
Oh is it?
Let us make it yet simplier
Whenever depreciation is said to be charged on the USEFUL LIFE/ECONOMIC LIFE of asset, it is PRESUMED to be straight line method.
Let us make it yet simplier
Whenever depreciation is said to be charged on the USEFUL LIFE/ECONOMIC LIFE of asset, it is PRESUMED to be straight line method.
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