Depriciation as per WDV or SLM
This query is : Resolved
26 May 2009
Dear Friends,
We are following SLM Method to prapare Fixed Asset register under company law every year.
Rate of Depriciation on motor as per SLM is 9.50% & as per WDV is 25.89%.
We are selling our one car to our employee.
He wants that you calculate Dep on WDV method & give him car on the WDV arrived.
The value coming by this is lower than if we calculate according to 9.50% SLM.
The employee is saying that why you can not take WDV method to arrive at todays value.
How can we reply to the employee, that why we can not take WDV method?
Dear Friends,
We are following SLM Method to prapare Fixed Asset register under company law every year.
Rate of Depriciation on motor as per SLM is 9.50% & as per WDV is 25.89%.
We are selling our one car to our employee.
He wants that you calculate Dep on WDV method & give him car on the WDV arrived.
The value coming by this is lower than if we calculate according to 9.50% SLM.
The employee is saying that why you can not take WDV method to arrive at todays value.
How can we reply to the employee, that why we can not take WDV method?
27 May 2009
Based on SLM only, u cant move SLM to WDV. becs always follow as per books.
Reply given to employees is Co.follow SLM method as per Co.Act. thats why we r not to be considered WDV.
Reply given to employees is Co.follow SLM method as per Co.Act. thats why we r not to be considered WDV.
29 September 2013
The Employee is asking you to calculate the Value of assets and drive the price of Assets on the basis of method suggested by him.
Its nothing related to your method of calculation of Dep.
if you sell him at a price drive by using WDV its sell at a lesser value and loss on sale of assets will arise.
now its upto you that you wanna sell at low price or high price
Its nothing related to your method of calculation of Dep.
if you sell him at a price drive by using WDV its sell at a lesser value and loss on sale of assets will arise.
now its upto you that you wanna sell at low price or high price
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