one public limited company wants to provide depreciation by different methods on different assets.
Auditor also allows the same.
I have got doubt from the same.
AS-6 says that combination of methods may be used for depreciation.
So, it can be interpreted in two senses viz... 1) that different methods for different assets say for example, SLM for plant and WDV for vehicle.etc... 2) that a combination of two methods may be used say for example a new method may be adopted such as it would be decided to depreciate the asset on some other method or by combining the effect of different depreciaion methods.
plz suggest, how to interprete the lines of AS-6 as given above.
29 September 2009
If this query is still pending then please post it again by updating......Good wishes.....or you can also send me a PM. Otherwise it is already resolved.
29 September 2009
If this query is still pending then please post it again by updating......Good wishes.....or you can also send me a PM. Otherwise it is already resolved.
CAclubindia
