Depreciation on plant and machinery

1215 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 10 July 2026
Article Assistant

N S Gokhale & Co

Thane

CA Inter

View Details
Company
11 July 2026
CA semi qualified

Vakilsearch.com

Chennai

CA Inter

View Details
Company
ARTICLESHIP 16 July 2026
Article Assistant

G A R U D & Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 28 July 2026
Article/Intern/Semi-Qualified/Fresher B.Com

VNSS & Co

Mumbai

Others

View Details
Company
ARTICLESHIP 15 July 2026
CA Articles

Kinjal H Shah & Co.

Mumbai

CA Foundation

View Details
Company
ARTICLESHIP 23 July 2026
Article

Gianender & Associates

New Delhi

CA Inter

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

VIKAS VERMA & CO

New Delhi

Others

View Details
Company
06 July 2026
Senior Accountant

Arvindkumar Maniar & Co.

Rajkot

CA

View Details