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Depreciation as per new companies act 2013

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 August 2014 Pls tell me the treatment of belowmentioned details as per new companies act provisions-

Asset- Bldg , date of acquisition- 01.05.1998
WDV as on 31.03.2014-200000
Original cost - 500000/-
​Accumulated Depreciation-90000/- ​
​Life as per new companies act-60 year
Further asset revalued on 2005 to 300000/-
​
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Rupesh Jain

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Rupesh Jain (Expert)
02 August 2014 you accu. depreciation will be rs. 300000/- not the rs. 90000/-. pls take depreciation rate as per new company act.

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