Poonawalla fincorps
Poonawalla fincorps

change in deprecaition policy

This query is : Resolved 
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(Querist)
03 July 2011 this is a questio in icwa.

depreciation under slm for YE 31.03.2010 - 100 lakh

depreciation under wdv for YE 31.03.2010 - 200 lakh

excess of depreciation for earlier yrs calculated under wdv over slm 500 lakhs

the co. wants to change the method from slm to wdv,

decide how the dep. should be disclosed in the FS for ye 31.03.2010
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CA Rajnish Srivastav

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CA Rajnish Srivastav (Expert)
03 July 2011 EXCESS DEP. OF P.Y'S 500LAKH AND C.Y'S DEP. 200LAKH TOTAL 700 LAKH SHOULD BE DISCLOSED IN THE FINANCIAL STATEMENT FOR YEAR 31/3/2010.

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