Depriciation as per companies act
Ramya Bhat (254 Points)
10 November 2021there is no wdv will be there at the end if the FA sold right ..
there will be no salvage value also right
Ramya Bhat (254 Points)
10 November 2021
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 10 November 2021
This philosophy cant be accepted as a thumb of rule. If WDV rates and SLM rates of depreciation differ, residual value will be left. Regarding the timing of claiming your depreciation, when the asset is held for sale, if is not depreciated. But if the asset is retired, it means its fully depreciated and the deferred tax can arise. This salvage value has nothing to do with claiming depreciation
Depreciation simplified - Professional Resource | Industry (caclubindia.com)
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