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Sch ii depreciation

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(Querist)
20 May 2015 Respected Sir/Maam,

I have Vehicle for which useful life mention as per Sch II is 6 Years. But the Same Vehicle was brought 8 Years ago .

My Question whether i should take useful life more then 6 years or Should Depreciate
whole of amount as on Mar 2015.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
20 May 2015 Balance amount remaining as on 01.04.2014 should be charged to Retained Earnings after retaining the scrap value since the useful life has already expired.

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