Straight line method of depreciation
This query is : Resolved
11 August 2015
Dear Sir
We have purchased a fixed asset in FY 1415 for Rs.1 Lac and charged dep as per SLM.
In the next fin year how should we calculate dep i.e. on Rs. 1 Lac or cl bal as on 31.03.15. i.e. (100000 - dep of 14-15 )
pl confirm
Thanks
Arun
We have purchased a fixed asset in FY 1415 for Rs.1 Lac and charged dep as per SLM.
In the next fin year how should we calculate dep i.e. on Rs. 1 Lac or cl bal as on 31.03.15. i.e. (100000 - dep of 14-15 )
pl confirm
Thanks
Arun
11 August 2015
In case of SLM calculate depreciation on Rs. 1 lac.
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