Depreciation on mobile of the Pvt.Ltd.

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A user is seeking clarification on a significant difference between the standard depreciation rates for mobiles under the Company Act (SLM 4.75%, WDV 13.91%) and a calculation by their Chartered Accountant showing 45.07%. The discussion aims to explain how asset useful life influences depreciation calculations, with an offer to share an Excel sheet demonstrating the formula used.

Narendra Wod

Narendra Wod (Querist)
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28 November 2020 Dear Respected All,

Greetings!!

Actually my query is that the depreciation on mobile As per Comapny Act SLM - 4.75% WDV-13.91/-. However i have seen on depreciation working sheet that one of my C.A. calculated depreciation @45.07% on Mobile. Now i wanted to know why depreiation @45.07% has come on mobile ????

Regards,
Narendra Wod

Aashok Kumar Sharma

Aashok Kumar Sharma

(Expert)
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26 December 2020 It depends on useful life of the assets. Share me your email address to share you an Excel Sheet explaining the same, if required. The below is the formula how it is calculated.

=(1-(5/100)^(1/(Useful life in years)

Narendra Wod

Narendra Wod (Querist)
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30 December 2020 Thank you sir for your feedback.. my Email ID is wod.narendra97@gmail.com. Please share the calculation so that i can understand.

Narendra Wod

Narendra Wod (Querist)
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24 February 2021 Respected Sir,

Good afternoon. How are you?

As my above query pertaining to Depreciation. I am waiting for you your email. i humbly request you to provide the excel sheet for more understanding. wod.narendra97@gmail.com

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