determination of useful life
This query is : Resolved
29 April 2010
What is the basis of determination of useful life of an asset to calculate depreciation
29 April 2010
It is calculated as per inductry standards. points which may be considered are nature of asset, working condition, how much use is a day etc
29 April 2010
AGREE, USEFUL LIFE IS AN ASSUMPTION WHICH DEPENDS MANY FACTORS
02 May 2010
Based on factors- Asset Nature, useage,
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