Depreciation on new assets purchased as per schedule ii
This query is : Open
Hitesh Sharma
(Querist)
02 September 2015
How to provide depreciation on assets purchased during the year 2014-15 as per Schedule II..?
In schedule II it is mentioned that "dep. on such assets shall be calculated on pro rata basis from the date of such addition."
Does it mean that we need to do days wise calculation for depreciation??
In schedule II it is mentioned that "dep. on such assets shall be calculated on pro rata basis from the date of such addition."
Does it mean that we need to do days wise calculation for depreciation??
02 September 2015
Depreciate for the number of days.
Hitesh Sharma
(Querist)
02 September 2015
If additions are made on different dates then we need to calculate depreciation every time for every asset.
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