Depriciation as per schedule ii of companies act 2013
This query is : Resolved
29 May 2015
what will be the adjustment of depreciation in case where the WDV OF an asset is less than its residual value i.e. 5% of its original cost as per new schedule II of companies act 2013?
31 May 2015
Where the WDV is already less than 5% of cost of assets as on 01.04.2014, no adjustment is required to be made.
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