On which assets sum of years digit method
Atharv Sankliya (1354 Points)
14 June 2022
on which assets sum of years digit method is used ?
1 Replies
CA. ANKIT PANDYA
(CA)
(682 Points)
Replied 14 June 2022
Entities may use this method of depreciation on the assets which are likely to become obsolete much faster.
Eg. Computer / IT / Technology driven assets depending on the change or advancement in the field.
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