13 March 2015
In schedule II only useful life is given. But some authors have uploaded files in file section indicating SLM and WDV rates according to useful life of Assets how they derive the rates???
15 March 2015
In Schedule II useful life is given.
WDV rates are determined using mathematical formula in such a way that at the end of the usefull life of the Assets, after charging depreciation under WDV, residual value will be same as under SLM method. You charge depreciation under any method the residual value at the end of useful life will be same under both.
But under file section some authors has uploaded file under which SLM and WDV rates are given according to useful life how they derive it? and how you calculate 1-0.05^1/15=18.10%
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