Depreciation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 May 2013
Pls tell me that what is the difference between W.D.V and S.L.M method of depreciation and what will be preferred for dedution ?
21 May 2013
WDV meas Written down value on this method depreciation shall be charged on the written down value i.e book value as on the first day of the financial year starting. book value means original value of the asset - depreciation. And SLM Means Stright line Method on this method depreciation shall be charged on the original value of the asset every year at the fixed amount of depreciation.
Under WDV method asset value never be Zero because of depreciation will be charging on book value of every year. Under SLM method after some years asset value will be Zero.
Under WDV method depreciation amount shall be decrease year to year and Under SLM method depreciation amount shall be Fixed.
WDV method is acceptable and suggested as per income tax also WDV method only accepted.
OM SAI SRI SAI JAI JAI SAI
Under WDV method asset value never be Zero because of depreciation will be charging on book value of every year. Under SLM method after some years asset value will be Zero.
Under WDV method depreciation amount shall be decrease year to year and Under SLM method depreciation amount shall be Fixed.
WDV method is acceptable and suggested as per income tax also WDV method only accepted.
OM SAI SRI SAI JAI JAI SAI
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Regis.
- Inventory of finished goods
- Disallowance of Section 43B(h) to sez units
- Sale of property furniture sale
- Applicability of Ind As to associate of associate
- Confusion around Form 26QB fields
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Gst input for FY 23-24
- Tax on capital gains revoked us 54f
- Company Incorporation - CA and directors signing from different states
- Filing of Form 10BB instead of Filing Form 10B
- HSN Details in IFF/GSTR-1 & in GSTR 9
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
