Which is the best Depreciation method for maintenaning books for a manufacturing unit as per company Act?
rutuja prabhune (105 Points)
14 May 2024Which is the best Depreciation method for maintenaning books for a manufacturing unit as per company Act?
sabyasachi mukherjee
(26488 Points)
Replied 15 May 2024
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(3316 Points)
Replied 16 May 2024
The written down Value Method helps determine the asset’s depreciated value, which helps determine the price at which the asset should be sold. It applies a higher amount of depreciation in the initial years of the asset’s useful life. It is an ideal method to record the depreciation of assets, which lose their value quickly.
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