Depreciation as per companies act, 2013

Can anyone please tell me how to provide depreciation in the following situation for FY: 2015-16 and 2016-17

1. Asset purchased (5 laptops , Rs.60,000 each) on 08.09.2015

2. How can I depreciate the asset under WDV method ?

3. What will be the rate of depreciation in FY: 2015-16 and FY: 2016-17?

4. Useful Life (5 years), Salvage value (Rs. 15,000) , On which date the asset will reach at its salvage value?

Thanks in advance

HARI MUNDAYUR

Replies (1)
As per schedule II, life of end user devices like computer, laptops etc.is to be taken as 3 years and WDV rate provided is 63.16%

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