Which is the best Depreciation method for maintenaning books for a manufacturing unit as per company Act?
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Best Depreciation method for books record
Replies (3)
Quick Summary
Written down method
The best method which will hv max. tax benefit and simple calculation
The written down Value Method helps determine the asset’s depreciated value, which helps determine the price at which the asset should be sold. It applies a higher amount of depreciation in the initial years of the asset’s useful life. It is an ideal method to record the depreciation of assets, which lose their value quickly.
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