Company balance sheet : tangible it asset

Hi Everyone ,

I am totally new to the finance /accounting field , please pardon this query i had if its silly ...surprise

I was wondersing if an company purchased for 10 lakhs  a tangible asset ( eg IT equipment like servers ) and assume this asset has life of 5 years . how  should this asset be shown in the balance sheet  .My question is 

  1. Will the asset value (10 L) be divided by 5 yers and then shown in one Quarter final statement ?
  2. Under which section will this be shown Asset ( non current asset )  ?
  3. how is the depreciation percentage  considered for this kind of asset ?

 

 

 

Replies (1)

As per the companies act, 2013 the servers and network equipments having useful life of 6 years are to be depreciated at the rate of 15.83% as per SLM method or at the rate of 39.30% as per WDV method.

These assets will be shown under the heading of Fixed assets.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
26 September 2026
Chartered Accountant

pushpganga ventures

Pune

CA

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details
Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details