How calculate depriciation

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pankaj (Querist)
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27 January 2012 tell me if company purchase an asset(computer)on nov month then on what % and how the depriciation calculated as per companies act

pls clear full calculation sheet with each step of out come

CA Jayesh Shah

CA Jayesh Shah (Expert)
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27 January 2012 If you are following the WDV method than rate of Dep. is 40% and if you are following Dep. as per SLM than rate is 16.21%.

You have to make depreciation for the period that asset is put to use.
For e.g. you have purchased the assets on 1st November than,

You have to provide depreciation for 151days.
i.e.
Nov 30days
Dec. 31days
Jan 31days
Feb 28days
March 31days.