Depriciation as per sec 205 nd sec 350
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 May 2013
What do you mean by Single Shift depriciation, double shift depriciation, triple shift depriciation ? Also let me know while maintaining Fixed Assets Register of the company which method is used SLM or WDV....?
12 May 2013
8 working hour refer as a shift.
if the factory run 24 hours a day than its running on triple shift basis.
sch xiv provide different rate of deprecation according to shift.
company can follow any of method wdv/slm provided the same should be consistently followed.
if the factory run 24 hours a day than its running on triple shift basis.
sch xiv provide different rate of deprecation according to shift.
company can follow any of method wdv/slm provided the same should be consistently followed.
23 June 2013
Before any depreciation is charged the policy for charging depreciation is finalized by the Board of Directors in any meeting. Once it has been finalized the same has to be followed every year any change requires approval from shareholder.
Sift means 8 hours working. The expert has given correct reply for shift and I agree with him as well as charging of method of depreciation.
Sift means 8 hours working. The expert has given correct reply for shift and I agree with him as well as charging of method of depreciation.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Unregistered suppliers utility
- Difference between Date of Payment and Date of Deduction?
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- TDS AND ITR ISSUE
- RATE AND HSN CODE
- EMI ISSUE IN HOUSING LOAN OLD REGIME
- Same demand raised for original as well as rectification request return
- Sale of property held jointly with a non resident Indian
- The TDS balance for March 26 shows a mismatch between the books and the portal; what should be done
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
