Depreciation as per schedule ii of companies act, 2013

No, it will not be treated as change in accounting policies...because this changes is coming from the change in law not from the management decision so the company need not to disclose the change in accounitng policy under notes on account.

Regards

Manish Jain

Email:manishjaincfa @ gmail.com

Factory has taken trial production in the Month of January 2015 and it was sold commercially. Factory license is effective from June 2015

Query 1) Whether depreciation can be claimed since machinery was put to use for trial production ? 

          2) Whether date of factory license would get any impact on claiming of depreciation ?