Depreciation rates
This query is : Resolved
27 February 2014
i want to know the rates as per companies act
computers
furniture
electric machinery
motor car
i applied 60%,10%,15% for the last two with no of days but as per the previous audit report annexure it is given that the company is using slm method for depreciation and opening balance for depreciation is also given which i included in my calculation still itz not tallying
computers
furniture
electric machinery
motor car
i applied 60%,10%,15% for the last two with no of days but as per the previous audit report annexure it is given that the company is using slm method for depreciation and opening balance for depreciation is also given which i included in my calculation still itz not tallying
27 February 2014
If it applies SLM then u should apply the same.
The rates mentioned by u r correct.
U should charge half rate if it is purchased or installed or put to use after 180 days.
& if it falls short of 180 days then full rate.
The rates mentioned by u r correct.
U should charge half rate if it is purchased or installed or put to use after 180 days.
& if it falls short of 180 days then full rate.
27 February 2014
Computer --- 16.21 %
Furniture --- 6.33 %
Machinery --- 4.75 %
Motor Car --- 9.50%
Above rates are for Straight line method as per companies act.
Furniture --- 6.33 %
Machinery --- 4.75 %
Motor Car --- 9.50%
Above rates are for Straight line method as per companies act.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Is online PGCE worth it?
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
