Depreciation on Private limited

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For Private Limited Company which depreciation method is Used ??

1. Straight Line Method 

or

2. Written Down Value Method

 

Replies (4)
Quick Summary
This discussion clarifies the depreciation methods applicable to Private Limited Companies. According to Schedule II of the Companies Act, 2013, companies have the flexibility to choose between the Straight Line Method (SLM) or the Written Down Value (WDV) method for calculating depreciation. Any changes in the chosen method require separate disclosure.

Schedule II of the Companies Act, 2013 prescribes the determination of depreciation using the straight-line method (SLM), written down value (WDV). Therefore, companies can prefer either of the methods for calculating depreciation.
Seperate disclosure for any change

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