Depreciation under Companies ACt 2013 - Professionals - Accounting - TIK Share

Depreciation under Companies ACt 2013


S.M Navale

2015-05-19

 

 

Hi,

 

What is rate of depreciaton if asset is purchsed and put to use less than 180 days , in case of Co Act

 

Is 50 % is applicable in this case also.

Rahul Rai

2015-05-19

Companies act does not depreciate asset based on less than or more than 180 days. You have to calculate depreciation based on the number of days.

If you used for less than 365 days, calculate like WDV*days used/365*rate of depreciation.

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S.M Navale

2015-05-20

Thank you sir,   

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