Schedule ii depreciation
This query is : Resolved
16 June 2015
dear sir/mam
for calculate dep as per schedule II required date of purchase but we have not know the actual date of purchase because assets purchase in the year 2000-01 and recored maintain from 2008-09 please given a solution to overcome from such situation
for calculate dep as per schedule II required date of purchase but we have not know the actual date of purchase because assets purchase in the year 2000-01 and recored maintain from 2008-09 please given a solution to overcome from such situation
17 June 2015
What is the type of asset.
Do the asset have such useful life?
Reply.
Do the asset have such useful life?
Reply.
17 June 2015
plant & machinery useful life 30 years date of purchase 2000-01
17 June 2015
dear take first year as 2000-01 because as per companies act you need to keep records for 8 years only.
So no one wil ask for the proof.
Actual date will not matter as asset purchased in 2000-01 take arpund mid of that year .
no need to worry.
So no one wil ask for the proof.
Actual date will not matter as asset purchased in 2000-01 take arpund mid of that year .
no need to worry.
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