Dear All,
I am using the WDV method for calculating the depreciation. Now to comply with Companies Act 2013, I am calculating the depreciation using the useful life of the asset as prescribed in the Schedule II instead of calculating the rates.
My Query : Will I have to calculate the amount with retrospective effect? Will it be considered as change in the method of calculating depreciation?
Thanks in advance
Regards,
C J
CAclubindia
