Easy Office
LCI Learning

Calculation of depreciation

This query is : Open 
Profile Image

Profile Image

(Querist)
15 December 2012 as per companies act is it compulsory for company to depreciate new assets purchased during the year on pro rata basis...or it can be charged for full year..?
Profile Image

CA Manish Soni

Profile Image

CA Manish Soni (Expert)
15 December 2012 Depreciation is computed on pro rata basis as per schedule XIV on any addition of fixed asset during the year.
Profile Image

CA Prateek Garg

Profile Image

CA Prateek Garg (Querist)
16 December 2012 is it compulsory...??
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

CA Prateek Garg

Profile Image

CA Prateek Garg (Querist)
16 December 2012 and if it is compulsory then how we should rectify this mistake...??

from last 8years co. charged depreciation for full year...not on prorata basis.

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