Depreciation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 October 2015
Can a Pvt Ltd company claim Dep based on SLM Method because as per companies act 2013 dep should be claimed on useful life as per schedule - II & due to which Dep based on WDV method comes higher compare to SLM Method due to which profitablity of company affect
Please guide
Please guide
22 October 2015
In fact, the companies are required to charge the depreciation as per companies act 2013. (Which gives the SLM)
23 October 2015
Yes you can do so, If you are opting for SLM and earlier you were charging under WDV then give disclosure to this effect in notes to accounts.
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