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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

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)

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.




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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