banner_ad

Depreciation transition under new companies act,2013 - wdv

This query is : Resolved 
Profile Image

Profile Image

(Querist)
04 June 2015 Dear Sir/Madam, Kindly clarify the below doubts w.r.t. depn.under new companies act, 2013 - WDV method; Case: Date of acquisition of asset:� 01.01.2012 Original Cost:� Rs.100000 Carrying amount as on 01.04.14:� Rs.71545 Scrap Value:� Rs.5000 Method of Depn:� WDV Life of the asset as per New Act:� 15 Years � Doubts: 1.������ �As per new provisions of Companies Act,2013, remaining useful life of the asset (n) would be 12 years or 12.75 years? � 2.������ In formula (1-((S/C)^(1/n))*100; ��������� ���������C = ?Original cost? or ?Carrying cost as on 01.04.14? for the above mentioned case.
Profile Image

CMA. CS. Sanjay Gupta

Profile Image

CMA. CS. Sanjay Gupta (Expert)
04 June 2015 Carrying Cost needs to be considered.

Here, C=Carrying Cost and N=Remaining Useful Life.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details