How to compute depreciation rate?

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Hi, Steps to find Depreciation rates under WDV method, with the given depreciation rate under SLM and life of the asset. (i) Take Depreciation Rate under SLM (ii) Multiply with life of asset (iii) Divide by 100 (iv) Deduct from 1 (v) Find the root of step (iv) to the power of step (ii). (Here the power is the given life of asset) (vi) Deduct the above found result from 1 (vii) Multiply the above with 100 (viii) The result is the Depreciation Rate under WDV Method. In ur case - Cost = 10 L - RV = 2.5 L - Life = 10 Y Steps = SLM Rate is (10-2.5)/10*100 = 7.5% 7.5*10 = 75 75/100 = .75 1-.75 = .25 root of .25 to the power of 10 (life) = .87055 1-.87055 = .12945 .12945*100 = 12.945% (WDV Rate) Every subsequent yr.'s depreciation will be (100-12.945)% of the preceeding year's depreciation. In this ex. 2nd yr. depn. is 112693 and 1st yr. depn. is 129450. (i.e) 112693/129450*100 = 87.055 which is nothing but (100-WDV rate). Reducing portion is WDV rate between intermediate depreciations.

Dear Sir

Please give me depreciation rate of verious item in details.

and say hwo to calcuate it ?

Nagesh Surwase

Dear Sir

Please give me depreciation rate of verious item in details.

and say hwo to calcuate it ?

Nagesh Surwase

Please give rate of depreciation for varies items in details and say how to calculate

thank you very much for that answer. where did u find this info.?

dear sir,

i need your help in to know the depreciation  rate for ngo working under govt sector depreciation rate for furniture fixtures & audio visuals and tv and computer etc

ngo is working for seven to eight years old and now closed down now what will be the depreciation rate for above item

please help me in this regards.

To compute the rate of depreciation under WDV

Originally posted by :Sathish Karunakaran
"	Hi, Steps to find Depreciation rates under WDV method, with the given depreciation rate under SLM and life of the asset. (i) Take Depreciation Rate under SLM (ii) Multiply with life of asset (iii) Divide by 100 (iv) Deduct from 1 (v) Find the root of step (iv) to the power of step (ii). (Here the power is the given life of asset) (vi) Deduct the above found result from 1 (vii) Multiply the above with 100 (viii) The result is the Depreciation Rate under WDV Method. In ur case - Cost = 10 L - RV = 2.5 L - Life = 10 Y Steps = SLM Rate is (10-2.5)/10*100 = 7.5% 7.5*10 = 75 75/100 = .75 1-.75 = .25 root of .25 to the power of 10 (life) = .87055 1-.87055 = .12945 .12945*100 = 12.945% (WDV Rate) Every subsequent yr.'s depreciation will be (100-12.945)% of the preceeding year's depreciation. In this ex. 2nd yr. depn. is 112693 and 1st yr. depn. is 129450. (i.e) 112693/129450*100 = 87.055 which is nothing but (100-WDV rate). Reducing portion is WDV rate between intermediate depreciations.	"

 

our friend is absolutely right.. this is the formula for computing WDV RAte of depreciation

Originally posted by :Guest
"	Dear Sir Please give me depreciation rate of verious item in details. and say hwo to calcuate it ? Nagesh Surwase	"

 

HI all

Can anybody send me depreciation calculation in Excel Format,

 

with regards

vanitha

 

 

Hi

I received the cheque against our bill, after deducting TDS.

Can any tell what are the necessary entries to be passed for TDS

thanks

vanitha

 

 

Bank A/c                 Dr.
Advance Tax  A/c   Dr.
        To Party A/c (Debtor).

if you were supposed to recieve 1000 and debtor has paid 8000 after deducting 200 TDS then:

Bank Dr. 8000

Tax payable - nature of expense Dr 2000

Debtor Cr. 10000