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Depreciation as per companies act

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 August 2012 I just wanted to know that what is the consequenses if a company charges depreciation at SLM rate specified in companies Act but the method used is WDV.
Thanking You

22 August 2012 Make Correct This Year & report Same in Audit Report..
I Mean Nullify It.

22 August 2012 u once check in MOA & AOA for depreciation clause..
if u charge wrong method for dep. than u require to change this and also point out in audit report..
its known as wrong method followed by the company..




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