How increased Depreciation amount in case of Change in the Methods of Depreciation is to be shown in Cost Accounting Records.
1 Replies
SACHIN LUNKER
(Article)
(46 Points)
Replied 17 April 2012
1)The increased Depreciation amount is to be debited as an expense. 2)Depreciation amount to be deducted from BV of asset. 3)The net effect & impact of increased depreciation to be disclosed in Notes to Accounts.
Recent Topics
- How can I check the platform number for my train?
- Gratuity under CTC
- GST refund paid as estimated tax liability
- Salary Income and Professional services income
- Sec 54 and TDS on sale of property
- Airbnb Manager - I manage properties for owners
- Wrong head ed for late fee
- Inter Company trnafer
- Job work-Reg
- Who is liable to pay GST if bank charges excl GST
Related Threads
Trending Online Classes
-
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
Mr.Balamurugan Ranganathan15 November 2024
CAclubindia
