Depreciation on used vehicles as per companies act 2013

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Accountant
32 Points Posted on 11 October 2016

How to calculate depreciation of second hand vehicles, if purchased after its useful life has ended?

Eg: A second hand motorcar was purchased as on 02.05.2015.... its 2000 model vehicle . we dont know about original cost. How to  calculate Depreciation?

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On 11 October 2016 at 17:07 Report
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Accounts Manager
1466 Points Posted on 12 October 2016
CALCULATE ON COST WHICH IS YOU HAVE PAID TO SELLER
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On 12 October 2016 at 11:58

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