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Depreciation as per companies act 2013

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(Querist)
23 July 2015 Dear Sir's,

How to calculate the use full life of a Second hand asset as per the provisions of companies act, 2013.

Thanks & Regards.

Satish D
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Rajagopalakrishnan R

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Rajagopalakrishnan R (Expert)
23 July 2015 Second hand or first hand - useful life must be calculated with reference to the date on which the asset is first put to use.If the detail of year first put to use is not available, you can get an expert evaluation for the same.

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