21 July 2012
sir, i want to know the depreciation calculation as per W.D.V. & S.L.M Methods for 2 years because of my doubt is which amount will taken as a opening balance& Closing Balance. kindly solve my doubt with example for 2 financial years
21 July 2012
dear friend opening balance come under both case after dep. less value.. means in WDV u charge dep. on opening value but under SLM u charge dep on Original value of assets (fixed dep each year).. but both case closing balance come (opening balance - depreciation during the year)
CAclubindia
