Depreciation as per companies act
This query is : Resolved
06 February 2019
Dear All,
We are using SLM Method for calculating Depreciation. We have Purchased new furniture as on 11.12.2018 while Calculating depreciation we have to charge full year depreciation??
Eg. 60000-(60000*5%)/10 years = 5700 p.a
We are using SLM Method for calculating Depreciation. We have Purchased new furniture as on 11.12.2018 while Calculating depreciation we have to charge full year depreciation??
Eg. 60000-(60000*5%)/10 years = 5700 p.a
06 February 2019
Charge depreciation for 4 months during the year. Calculate monthly depreciation by 5700/12.
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