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Depreciation calculation

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 April 2012

dear sir

pls tell me calculation of depreciation .is calculating depreciation how many year to be calculated depreciation
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CA Rakesh Goenka

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CA Rakesh Goenka (Expert)
21 April 2012 I did not get your question but as per company act an assets can depreciate up to 95 % of its vale.......
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CA Dileep Surya Kumar

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CA Dileep Surya Kumar (Expert)
21 April 2012 Annual Depreciation Expense =

(Cost of Asset-Residual Value)/Useful Life of Asset}

Depreciation should be calculated for the period during which it will be used to generate revenues (useful life).
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