Easy Office
LCI Learning

determination of useful life

This query is : Resolved 
Profile Image

Profile Image

(Querist)
29 April 2010 What is the basis of determination of useful life of an asset to calculate depreciation
Profile Image

CA CS CIMA Prakash Somani

Profile Image

CA CS CIMA Prakash Somani (Expert)
29 April 2010 It is calculated as per inductry standards. points which may be considered are nature of asset, working condition, how much use is a day etc
Profile Image

CA Ashok Kumar Sahu

Profile Image

CA Ashok Kumar Sahu (Expert)
29 April 2010 AGREE, USEFUL LIFE IS AN ASSUMPTION WHICH DEPENDS MANY FACTORS
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

CMA Ramesh Krishnan

Profile Image

CMA Ramesh Krishnan (Expert)
02 May 2010 Based on factors- Asset Nature, useage,

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links