Reverse Depreciation formula

I have last 2 years balance sheet.
I want to calculate depreciation as per companies act. But I don't know purchasing or capitalized date of some assets. How to calculate depreciation??? If someone have reverse Calculation Formula so that I calculate exact date... Please help sir / mam πŸ™πŸ™πŸ™πŸ™πŸ™
Replies (1)

What is the accumulated depreciation till date? That much amount can be reversed I believe. Ex. Asset value= 10,000β‚Ή, useful life= 5 years

           Depreciation     Accumulated Depreciation 

Year 1      2000.             2000

Year 2      2,000             4000

Year 3      2,000             6000

Year 4      2,000             8000

Year 5      2,000            10000

Supposing if you have data for three and four years, check out what is the useful life that is left. It’s obviously one year. Then the accumulated depreciation is 8,000, so, 6,000-8,000=2,000β‚Ή. Past years= 2*2000=4,000. This is only a gist because scrap value and reducing balance method schedules are different and must be prepared. I hope you are using SLM method. 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
Featured ARTICLESHIP 06 October 2026
Semi Qualified

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
22 September 2026
Account Assistant

Chirag P Shah & Co. Chartered Accountant

Pune

B.Com

View Details