Depreciation on plant and machinery

1212 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.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 08 July 2026
Article internship

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
05 July 2026
Financial Controller

NovumLake Partners

Mumbai

CA

View Details
Company
ARTICLESHIP 27 June 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
16 July 2026
CA Inter, CA Intermediate, CA IPCC, CA CPT , CA SemiQualifie

Vakilsearch.com

Chennai

CA Inter

View Details
Company
25 June 2026
Accounts & Taxation Executive

Dindukurthy & Associates

Hyderabad

MBA

View Details
Company
22 June 2026
Finance Manager- Chartered Accountant

Triveni Turbine Limited

Bengaluru

CA

View Details
Company
ARTICLESHIP 30 June 2026
Article Assistant or Paid Assistant

VIKAS VERMA & CO

New Delhi

Others

View Details
Company
Featured 24 June 2026
HEAD - AUDIT AND TAXATION

A R JADHAV AND ASSOCIATES

Mumbai

CA Inter

View Details