What is formula for depreciation rate as per wdv method?
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What is formula for depreciation rate as per wdv method?
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In financial reporting module [2014 edition] pg 1.65 the formula given is
Depreciation rate=(1/n) x(Residual Value/Cost of Asset)x100
n=useful life
Another formula I have frequently come across in other authors books is
Depreciation rate = 1-(Residual Value/Cost of Asset)^(1/n)
Which one should be followed for CA Final November 2014 Exams?
Whether previous W D V method has been changed. Like earlier we are charging rate of depreciation on the written down value of the asset. Please clear me what is the change.
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