Depriciation method
This query is : Resolved
12 July 2012
Company will change of its method of depreciation any time like SLM and WDV ?
13 July 2012
A change from one method of providing depreciation to another is made only
If the adoption of the new method is required by statute; or
For compliance with an accounting standard; or
If it is considered that the change would result in a more appropriate preparation or presentation of the financial statements of the enterprise.
If the adoption of the new method is required by statute; or
For compliance with an accounting standard; or
If it is considered that the change would result in a more appropriate preparation or presentation of the financial statements of the enterprise.
16 July 2012
I perfectly agree with Mr bharath kumar......and pls note some additional points
1. Retrospective effect should be given
and 2. change should be mentioned in notes to Accounts.
Rgds
Shakti Soni
1. Retrospective effect should be given
and 2. change should be mentioned in notes to Accounts.
Rgds
Shakti Soni
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
- Difference between Date of Payment and Date of Deduction?
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Unregistered suppliers utility
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- TODAY INCOME TAX SITE IS NOT WORKING ANY OFFICIAL EXTENSION
- LIC maturity claim whether taxable
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- FCRA 6 E- Intimation
- EXPORT COMMERCIAL INVOICE HSN CODE
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- 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
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
