banner_ad

Depreciation as per uop method

A/c entries 349 views 4 replies

Under cos act, depreciation for second shift is 1.5X. Is this applicable for unit of  production method also? i guess not because under uop, we would take  the production of second shift in to account.

thanks a lot.

Replies (4)

It’s usually period for which depreciation is charged. if an asset is used for any time during the year for double shift, the depreciation will increase by 50% for that period and in case of the triple shift the depreciation shall be calculated on the basis of 100% for that period. No CCP mentioned for UOP, which means other material is not sufficient or it is double depreciation under UOP. https://www.cas.ind.in/wp-content/uploads/11Guidance-Note-on-Accounting-for-Depreciation-in-companies-in-the-context-of-Schedule-II-to-the-Companies-Act-2013.pdf

On the other hand, double depreciation is correct for UOP. 

so if a  machine works for 300 days in double shift, the number of hours will be 300x8hoursx2.

for three shifts, it will be 300x8x3.

please correct me if I am wrong.

also what is ccp?

 

thanks

Instead, if your depreciation is 100₹, then actual depreciation for double shift= 150


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details