Fixed assets deprecation process in ifrs

Indian Companies can adopt converged version of IFRS i.e. Ind AS 16 PPE . Key diffeences between existing Indian GAAP and  IndAS is that , IndAS provides an option for subsequnet measurement at cost or revlaution method . As per teh Companies act 2013 , usefullife of the asets considered for dperection calculation is different from the life stipulated in Sch II  , it needs to be discloded in the Financial statements properly .

Hope this helps you.

regards

Sreekanth