Depreciation on fixed asset
This query is : Resolved
07 June 2013
in pvt ltd company how calculated depreciation on computers-fixed asst,
WDA method.
for example: purchased on 01.04.2007 computers 50000/- & on 31.07.207 purchased computers 50000/-
& purchased computers 100000/- on 31-dec-2007
tell me the dep calculation fr 2007 to 2013
please tell me the calculation
WDA method.
for example: purchased on 01.04.2007 computers 50000/- & on 31.07.207 purchased computers 50000/-
& purchased computers 100000/- on 31-dec-2007
tell me the dep calculation fr 2007 to 2013
please tell me the calculation
CA Kapil Verma
(Expert)
07 June 2013
In company act ,depreciation is on prorate basis. i.e Day wise calculation.
08 June 2013
Where during any financial
year, any addition has been
made to any asset, or where any
asset has been sold, discarded,
demolished or destroyed, the
depreciation as per companies
act on such assets shall be
calculated on a pro-rata basis
from the date of such addition,
or as the case may be, up to the
date on which the Asset has
been sold, discarded, demolished
or destroyed.
year, any addition has been
made to any asset, or where any
asset has been sold, discarded,
demolished or destroyed, the
depreciation as per companies
act on such assets shall be
calculated on a pro-rata basis
from the date of such addition,
or as the case may be, up to the
date on which the Asset has
been sold, discarded, demolished
or destroyed.
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