New rules of depreciation sheduled ii as per co. act 2013
This query is : Resolved
14 January 2015
Dear Sir,
If Company have an assets as on 1-04-2014,and the new Schedule of depreciation is applicable for the Company,but i have a doubt that how i will charge the depreciation, it means that calculate the depreciation on residule value as on 1/04/2014 as per new scheduled or it will calculate from the yeara ssest purchased as per new scheduled.
If Company have an assets as on 1-04-2014,and the new Schedule of depreciation is applicable for the Company,but i have a doubt that how i will charge the depreciation, it means that calculate the depreciation on residule value as on 1/04/2014 as per new scheduled or it will calculate from the yeara ssest purchased as per new scheduled.
14 January 2015
You have to calculate depreciation on carrying cost(yet to be depreciated Value) as on 1-04-2014 as per new schedule.
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