Purchase cost of Machinery is Rs.150 Lacs, Expected Life 10 Yrs, Scrap Value Rs.10 lacs. Detailed notes for computation of WDV rate. Please reply as soon as possible........
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Computation of wdv rate for depreciation
Replies (2)
23.717% (approx) .. plzz let me knw if answer is wrong.
As per Companies act you can follow WDV or SLM method. Depreciation rates given in the schedule is minimum you can charge higher rate of depreciation provided you give proper justification for the same.
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