Depreciation under company act
This query is : Resolved
SUMIT ARORA
(Querist)
01 January 2016
kindly guide
Life remaining is 1.36year
after 1 year life is .36 and rate for the year is 46.53
cost =14850 wdv as on 1.04.15 1735.68.
dep for 1 year 807.00
and for .36 it should be 185.50 i.e. residual value should be 5%of 14850.000
how dep for .36 year calculated
CA. Divyansh Agarwal
(Expert)
02 January 2016
the diffrence between WDV and residual value would be depreciation amount. for 2nd year.
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