Depreciation on gross block

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

CS,CA F,Numrologi TusharSampat

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

shalin

shalin (Querist)
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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

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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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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