Poonawalla fincorps
Poonawalla fincorps

Depreciation on additions as per companies act 2013

This query is : Resolved 

05 September 2018 hi sir,
kindly provide calculation process for "depreciation on additions(Fixed assets) as per companies act 2013.
thanking you in advance.

05 September 2018 Life of the assets in years has to be determined per schedule III of the Companies
Act,2013. Then depreciate on 'prorata' basis since not used for a whole year.



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