Schedule 2 depreciation
This query is : Resolved
05 August 2015
hi friends,
is it mandatory to comply with schedule 2 depreciation as per new companies act 2013 for the f.y 2014-15.
if yes then I have a doubt regarding calculation of depreciation as per schedule 2.
I.e. if a manufacturing plant has no of plant and machinery which were acquired during the different previous years. then how will we calculate depreciation..we have to do separate computation for every indivial assets...
05 August 2015
if no new additions made then charge dep as per new co act 2013 sch2 using useful life of assets
05 August 2015
You have to calculate the depreciation asset wise.. Fixed asset register will help you find out the date of purchase of individual asset.
useful life given in schedule II and scarp value 0.5% of original cost.
useful life given in schedule II and scarp value 0.5% of original cost.
05 August 2015
LINE item : Calculate depreciation for each item of plant and machinery.
Dont get confused with BLOCK of asset concept.
Dont get confused with BLOCK of asset concept.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- FORM 26A APPLICABILITY
- SFT Cash Deposit in Current Account
- Value of property in capital gain
- Regarding TDS Applicability For Director Remuneration
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
