Depreciation as per Companies Act

Hello

Can anyone help me to calacutate depreciation as per Companies Act 2013? Its for the FY 2017-18

I have no idea about the new method of calculations

Replies (1)
depreciation is a systematic allocation of depreciable amount over useful life of an asset
you can calculate depreciation as per companies act, 2013 in two ways
1 . written down value method (WDV)
in this method you can calculate depreciation on WDV at a rate provided in part "c" of schedule 2
2. straight line method
depreciation =total cost of asset up-to the date of installation less residual value at the end DIVIDED by useful life of the asset
useful life and residual value is not higher than that prescribed in part c of schedule 2 of companies act, 2013
and refer as - 10 PPE for other information
happy to help

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