13 September 2012
regarding calculation of depreciation as per company act.
1)there is a furniture item cost Rs.4700,accumulated depreciation upto 31.3.2011 Rs.4619 Dep rate 6.33%.what will be dep. for the Fy 2011-12? is it Rs.81 or else.plz suggest.
2)there confusion that How to cal.depreciation as per company act using SLM method. will dep.rate be applicable on cost or cost less accumulated dep.for calculating current year dep.? Plz Suggest
CAclubindia
