Calculation of depreciation.

I need to submit a report as on 31/12/2015 for a company for enhancement of loan. So how can I calculate the depreciation for the period 01.04.2015 to 31.12.2015 as per companies act.
Replies (1)

Hope this is not first year of business...

Schedule - II to Companies Act 2013 to be followed for life of asset (indirectly rate of depreciation)

We can help you better if you share exact problem in depreciation..

I can sense that you are talking about depreciation rate and period for depreciation.

Depreciation rate are basically derived from life of assets and residual value suggested in Schedule - II, however you will have to calculate annual rate for depreciation and than annual depreciation will be prorated for 9 month out of 12 months.

Hope this help...

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