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Depriciation method

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(Querist)
12 July 2012 Company will change of its method of depreciation any time like SLM and WDV ?
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CA BHARATH KUMAR

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CA BHARATH KUMAR (Expert)
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.
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shakti soni

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shakti soni (Expert)
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
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