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Urgent depreciation
Dear friends how to calculate depreciation as per wdv method (I.e reducing method) for multiple years irrespective of calculating it single by single year.
ex. asset =100000rs dep @ 10% calculate dep for 5 years ?
now how to calculate 5 year depreciation in a single calculation.
Replies (4)
for this calculate wdv at the end of 5th yr and then subtract it fromm the value of asset. the formula will be... = [100000 - (100000 x 0.90^5)]
Thanks a ton , dear friend kindly solve my previous forum query too.
the expenditure incurred in factory for labours lunch with roof of tin shed is capital or revenue expenditure rs 350000 , earlier labours used to sit under temporary tent of cloth
HI,
THE RATE IS FIFTEEN PERCENT
(15 PERCENT)
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