Depreciation on mobile of the Pvt.Ltd.
This query is : Resolved
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
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
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)
=(1-(5/100)^(1/(Useful life in years)
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.
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