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Depreciation on gross block

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(Querist)
01 September 2013 hi
Does providing depreciation on gross block of asset of private co. amount to slm method??
if no, then plz explain
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
02 September 2013 The ans is no. In SLM method seperate provision for dep is maintained.
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shalin

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shalin (Querist)
02 September 2013 suppose gross block as on 1/4/2009 is rs 100 ,depreciation rate is say 10%
depreciation charged =rs 10 therefore net block as on 31/3/2010 is rs 90 and gross block =rs 100

thus in next year gross block remains same (assuming no addition or deduction is made)
hence depreciation will again rs 10..this is like slm method
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
03 September 2013 Rs.10 will be charged to accumulated depreciation A/c and will be continued till SLM method is followed and what u said is correct.
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