Fixed assets age wise classification
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 July 2014
please guide me fixed asset age classification
22 July 2014
so wat u want to know wxactly.
23 July 2014
in new company act 2013, FA are based on their useful life, and depreciation also to be charged accordingly.
say plant and machinery's dep rate was earlier 4.75% in single shift, which is no 6.33% as the useful life of plant & machinery is 15 years.
say plant and machinery's dep rate was earlier 4.75% in single shift, which is no 6.33% as the useful life of plant & machinery is 15 years.
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