Dep. as per ca act. 2013

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

25 April 2017 Dear Experts, on construction of factory we have incurred 2065790/- the factory was put to use from 11/3/2017 however as per schedule II depreciation rate is specified SLM 3.17%, WDV 9.50% & useful life is 30 years. pls clarify :- which method we have to opt to charge dep. weather 3.17% SLM or 9.50% WDV also let me know in the period of 2016-17 the factory was used only 21 days. will dep. be calculate only for 21 days if yes pls let me know the formula of that, and requested to all members to explain the same with an example if possible? Regds Anshul

CA CS Jainam Shah

CA CS Jainam Shah (Expert)
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28 April 2017 You can adopt any method SLM or WDV but you have continuously follow the adopted method..

Yes you are required to calculated Dep. Of 21 days..