Depreciaton

This query is : Resolved

Puneethkumar (Querist)
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27 August 2013 Hi All,

Could you please let me know how to calculate depreciation in case of MNC's, will it be on the basis of block of assets concept or will they calculate depreciation in some other way?
Will it be like

Cost of FA - Scrap value/no of years of

Puneethkumar

Puneethkumar (Querist)
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27 August 2013 Cost of FA - Scrap value/no of years of life of an asset?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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05 September 2013 you can decide first your method of depreciation either SLM or WDV then apply the same

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Puneethkumar

Puneethkumar (Querist)
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05 September 2013 Sorry Sir I dint get that point, can u please explain me

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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05 September 2013 the formula which you mentioned is the method of straight line method depreciation only

so method of depreciation need to be decided as whether Straightline method or Written down value method