Depriciation method of companies

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Companies can choose between the Written Down Value (WDV) or Straight Line methods for depreciation. While there are no strict restrictions on the initial choice, it's crucial to maintain consistency in the selected method over time, subject to specific accounting conditions. This ensures reliable financial reporting.

MUSKAAN SEHGAL

MUSKAAN SEHGAL (Querist)
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29 February 2020 which method is applicable wdv or straight line in companies

CA Mayur Todmal

CA Mayur Todmal (Expert)
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29 February 2020 no restrictions on selecting method of depreciation . but once selected should be consistently followed subject to certain conditions

MUSKAAN SEHGAL

MUSKAAN SEHGAL (Querist)
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29 February 2020 thank you so much for resolving my query

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