Abhimanyu Bind (CA Final Student & Audit Assitant) (2051 Points)
24 May 2011Can anyone please upload depreciation chart (Schedule xiv) or give suggestions how to design its format? I've rates only but couldn't guess how to design the format? Kindly, reply on priority.
Thanks.
Arvind Sharma
(ACA)
(1432 Points)
Replied 24 May 2011
I am not getting your problem... you want to design Schedule XIV...?? why so..?? You can refer simply Companies Act.
I think you want to design Depreciation Schedule or Fixed Asset Schedule...?? for that find attached file..
Arvind Sharma
(ACA)
(1432 Points)
Replied 24 May 2011
find attached file....
Abhimanyu Bind
(CA Final Student & Audit Assitant)
(2051 Points)
Replied 24 May 2011
Actually, they have given deprectiation to be calculated in shifts like shift - 1, shift-2, shift-3.
So, my question is, is there any change in depreciation chart we normally prepare for company as per schedule xiv? OR it is the regular chart we prepare by using depreciation rates provided by company act?
Kindly reply.
Thanks.
Arvind Sharma
(ACA)
(1432 Points)
Replied 25 May 2011
ok... I have not seen yet... any different chart... the rate given in schedule for different situation are just rate to be taken when machinery etc are used so...
So I think, chart will be same............
CAclubindia
