Depreciation on plant and machinery

Others 1183 views 3 replies

If our factory is working 3 shift and total working days are 304 of factory than deprecition charge by 365 days on additions or by 304 days i9n caculation of new addition.

Replies (3)

If fixed method followed, depreciation for 365 days calculated. Otherwise proportionate amount of depreciation charged. There are contraductory about this matter. If (365-304) =61 days is public holiday, then full year depreciation charged. If it happened for stick, lock out depreciation for normal working hours charegd on depreciation account & depreciation for lock period transfer to abnormal loss portion. 

If you are talking about companies act, then yes depreciation on additions would be charged on prorata basis i.e. for 304 days.

 

ya i am talking about depreciation as per companies act.............still not cleared whether to charge depreciation on addition by 304 days or 365 days.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details