banner_ad

Depreciation - retrospectively or prospectively

205 views 3 replies
User Avatar

144 Points Joined April 2017
we estimated a new useful life of an assets. whether the depreciation applied retrospectively or prospectively?
0 Reply Share Follow
On 05 April 2018 at 08:22 Report
Replies (3)
User Avatar

student
20 Points Joined February 2015
Prospectively as per revised AS 10- PPE
Reply
On 05 April 2018 at 11:30
User Avatar

student
73 Points Joined September 2017
propectively
Reply
On 05 April 2018 at 14:37
User Avatar

2 Points Joined February 2017
Useful life is already provided in Sch II of Co. Act,2013. You can't have different useful life unless there is some technical feasibility. As far as the Depreciation is concerned,it will be calculated prospectively.
Reply
On 05 April 2018 at 17:04

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details