Depreciation as per companies act, 2013
This query is : Open
03 April 2015
dear sir,
how to calculate depreciation if the under WDV Method if asset is purchased after 01.04.14 for e.g. 29/08/14 the following treatment is correct or not??
mobile purchased on 12.01.15, therefore no. of days upto 31.03.15 is 79 & life of an asset as per companies act 2013 is 5 years so total life in days = 5years * 12 months * 365 days=21900
depreciation per day = cost of an asset i.e.17900/21900=0.82 per day * 79 days = Rs. 65
company is following WDV method
how to calculate depreciation if the under WDV Method if asset is purchased after 01.04.14 for e.g. 29/08/14 the following treatment is correct or not??
mobile purchased on 12.01.15, therefore no. of days upto 31.03.15 is 79 & life of an asset as per companies act 2013 is 5 years so total life in days = 5years * 12 months * 365 days=21900
depreciation per day = cost of an asset i.e.17900/21900=0.82 per day * 79 days = Rs. 65
company is following WDV method
03 April 2015
it is correctly calculated...But i didnt get why you have given 29/08/14 as date
Message likes :
1 times
03 April 2015
it is correct even if company is following WDV method of Depn bcz according to me the above calculation is very much similar to SLM method's calculation
the date 29/08/14 was written by mistake
the date 29/08/14 was written by mistake
03 April 2015
it is correct?? even if company is following WDV method of Depn bcz according to me the above calculation is very much similar to SLM method's calculation
the date 29/08/14 was written by mistake.
the date 29/08/14 was written by mistake.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Applicability
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- RCM - commercial rent paid to URP under GST
- Offsetting interest income against derivative trading losses
- TDS NUMBER SURRENDER
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- Gst Sales of FY 2023-24
- Legal heir raised refund , but refund issued to the closed account of deceased.
- My Last working day in current org is in novemebr 2024 but they are asking me to submit IT proof
- Indexation benefit applicability
- SEC 54 OF IT ACT
- Passed group 2 exams under wrong gender
- REQUIREMENT OF 15CB
- QUERY FOR RCM ON RENT
- APPEAL-CIT
- Payable outstanding for years disallowance
- Whether still royalty
- Issue of gst e invoice
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
