How calculate depriciation
This query is : Resolved
27 January 2012
tell me if company purchase an asset(computer)on nov month then on what % and how the depriciation calculated as per companies act
pls clear full calculation sheet with each step of out come
pls clear full calculation sheet with each step of out come
27 January 2012
If you are following the WDV method than rate of Dep. is 40% and if you are following Dep. as per SLM than rate is 16.21%.
You have to make depreciation for the period that asset is put to use.
For e.g. you have purchased the assets on 1st November than,
You have to provide depreciation for 151days.
i.e.
Nov 30days
Dec. 31days
Jan 31days
Feb 28days
March 31days.
You have to make depreciation for the period that asset is put to use.
For e.g. you have purchased the assets on 1st November than,
You have to provide depreciation for 151days.
i.e.
Nov 30days
Dec. 31days
Jan 31days
Feb 28days
March 31days.
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