Depreciation doubt
This query is : Resolved
08 August 2024
Dear Experts
The deprecation which i calculated below is as per the companies act 2013.
Rate of Dep % 45%
Life 5
Balance Life 5
Fixed asset 5,00,000
Salvage 25,000
Assest value 4,75,000
Dep 2,25,360
In this instance, will full depreciation be claimed within 2 years?
Thank you
Vijith T K
The deprecation which i calculated below is as per the companies act 2013.
Rate of Dep % 45%
Life 5
Balance Life 5
Fixed asset 5,00,000
Salvage 25,000
Assest value 4,75,000
Dep 2,25,360
In this instance, will full depreciation be claimed within 2 years?
Thank you
Vijith T K
08 August 2024
No, charge 95% of depreciation over a period of 5 years equally.
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