Depreciation as per companies act, 2013

344 views 1 replies

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%

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details
Company
ARTICLESHIP 08 July 2026
Articles

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
06 July 2026
Accountant

Agarwal Anoop and Associates

Noida

CA Final

View Details
Company
ARTICLESHIP 07 July 2026
Articleship

Jawahar and Associates Chartered Accountants

Hyderabad

CA Inter

View Details
Company
25 June 2026
Accounts & Taxation Executive

Dindukurthy & Associates

Hyderabad

MBA

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
ARTICLESHIP 18 June 2026
Article Assistance

RB KESHRI & CO.

Mumbai

CA Inter

View Details