Depreciation
This query is : Resolved
29 March 2013
Respected experts ,
I am doing a company audit and iam finding difficulty in entering depreciation schedule when there is a deletion /sale. my excel formula is not matching with the manual calculation i have done... can anyone guide me with this regard ?
If u have any example for the same plzupload...
I am doing a company audit and iam finding difficulty in entering depreciation schedule when there is a deletion /sale. my excel formula is not matching with the manual calculation i have done... can anyone guide me with this regard ?
If u have any example for the same plzupload...
29 March 2013
I am taking it as compnies act depreciation
if asset cost was 1,00,000
depreciation till date 50,000
sale of asset 20,000
profit & loss will be 30,000
in depreciation chart asset will be less by 1,00,000 and depreciation till date will be less by 50,000
no effect of profit and loss
if asset cost was 1,00,000
depreciation till date 50,000
sale of asset 20,000
profit & loss will be 30,000
in depreciation chart asset will be less by 1,00,000 and depreciation till date will be less by 50,000
no effect of profit and loss
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