Depreciation as per companies act in case of take over by pvt ltd company

Suraj (735 Points)

30 April 2019  

Dear All,

I wish to know how to calculate the depreciation as per Companies Act 2013 where the proprietorship business was taken over on 01/04/2018 by private limited company newly formed for the purpose of such take over.

How to calculate depreciation in case of equipment, computers purchased & used by the proprietor in earlier years now taken over by the Company? 

Kindly advise.

Thanks & Regards,

Suraj Patil