Schedule ii of the companies act, 2013(depreciation) and the

Sir, very nicely explained. Thanks a lot sir. I have 2 doubts as below; 1. In case of existing assets as on 01.04.14 which has remaining useful life, we need to calculate 5% salvage value on Original cost or Carrying amount as on 01.04.14. [ In formula, we need to take C= Carrying amt. Or Cost, on each asset]. U hav calculated % of depn.(wdv) taking 5% SV on Original cost. But in example 1, end result is 5% on carrying amt.

Sir, very nicely explained. Thanks a lot sir. I have 2 doubts as below; 1. In case of existing assets as on 01.04.14 which has remaining useful life, In formula, we need to take C= Carrying amt. Or Cost, on each asset. U hav calculated % of depn.(wdv) taking 5% SV on Original cost. But in example 1, end result is 5% on carrying amt. In ur example, if we replace 'C' as carrying amt i.e., 1-(5000/47289)^(1/10)*100 =20.12%,SV at the end of 10th yr will be 5000. Pls explain & help sir. ( Some experts in CA club has done this method). 2. In example 2, wat is the treatment of Residual value of Rs.5000 at year end. Waiting for ur reply sir. Thanks in advance.