Yes, it will affect both P&L A.c & Balance sheet and the 
amount will be same in both sheet

Dear Sriraman G! I just want to confirm other thing also
that As per your ans, If dep amount is Rs 5000/- than same
will be affect in p&l a/c & b.s. also. but if in the next
year the dep value is Rs. 4000/- than what amount will
affect in p&l a/c and what amount will affect in b.s.?
kindly confirm.

dear manju this is the simple that in the next year balance 
sheet Rs.4000/- will be effected in the both sheet.

its effect will be shown on the debit side of p&l a/c
and the particular asset on which depriciation is charged 
will be reduced by the amount of depriciation and shown on 
the asset side of balance sheet.yes

Dear Arun, thanks for your ans. i agree with u. But in an
interview faced by me the ans a C.A. was that Rs of 5000/-
will be reduced first year & Rs. 9000/- (5000+4000)will be
reduced in 2nd year. but in the balance sheet show full
amount of particular asset in every year.
As per his ans, if asset value is Rs. 1 lac so that in the
balance sheet show the same value in every year, his mean
was Rs. 1lac. I was very confused.

Dear Manoj,
There are two types of Depreciations will be admisable 
one in flat rate system and another reducing balance system.
there will be consideration of 9000/- (4000+5000) when 
flast rate of system adopted. other wise the second method 
will be absorbed. 
Hope you will understand.

as per requirement of schedule VI of the companeis act 
assets are to be shown at their gross value in the balance 
sheet less accumulated depreciation. so first year only Rs. 
5000 will be deducted from gross value of assets & Rs. 5000 
will be charged to profit & loss account. in next year 
current year depreciation of Rs. 4000 will be charged to 
p/l a/c & total i.e accumulated depreciation of Rs. 9000
(4000+5000) will be deducted from gross value of assets 
i.e.Rs. 100000.00 hope u 'll understand.

1) depreciation is effect the amount of depreciation in 
company final account p&l a/c and b/s a/c.

2) no, p&l amount of depreciation is previous year and 
current year add and put a p&l a/c debit side and b/s 
assets side current year depreciation only dedcted from 
particular assest. so, total amount of depreciation will 
defer p&l a/c and balance sheet.