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Regarding calculation of depreciation as per co. act 2013

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Chithra Ramanathan

Chithra Ramanathan (Querist)
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26 May 2015 if i bought a flat which 2nd hand purchase then how to calculate useful life of the asset?
useful life of bldgs are 60 years so 60 years from date of on which i purchased or frm d date on which the bldg was constructed.

Arpit Shah (Expert)
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27 May 2015 https://taxguru.in/company-law/rates-depreciation-companies-act-2013.html

Arpit Shah (Expert)
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27 May 2015 https://taxguru.in/company-law/scheduleii-companies-act-2013-accounting-standard6-depreciation-accounting.html

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