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Categories  >>  Accounting  >>  Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions
 Taxation interview questions  Taxation Interview Questions
 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question
How can I calculate Depriciation on Fixed AND CURRENT 
ASSESTS ?
 Question Submitted By :: 20-7-2008
I also faced this Question!!     Rank Answer Posted By  
 
  Re: How can I calculate Depriciation on Fixed AND CURRENT ASSESTS ?
Answer
# 1
Depriciation will be as per company law & as per Income tax 
law.

Depreciation to be calculated as follows

(aqusition value * no of days * rate of depriciation) / no 
of days in year

01.] Here no of days = total year days-aqusition date 
(installation date)
02.] rate of depreciation as per company law
 
Is This Answer Correct ?    3 Yes 0 No
Rajesh S.patil
 

 
 
 
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