Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / s balasubramanian
The depreciation rates are given under Schedule XIV of the
Companies Act for various machinery/equipments for both wdv
and slm for different shifts of working.
Another schedule of rates are given under Income tax act,
which is used for arriving taxable profit.
Any item less than Rs.5,000/- is to be provided 100%
depreciation.
Even any equipment is used for one day, the depreciation is
to be provided.
Depn is a non-cash flow expenditure and it is provided for
wear and tear of the machine. Depreciation amount is added
to net profit after tax to arrive the net cash flows to the
company, which is useful to find out liqudity of the
company.
| Is This Answer Correct ? | 7 Yes | 0 No |
Post New Answer View All Answers
What is the treatment of Capital Work in Progress as per the International Accounting Standards.
shares journal entries
what is the organisation chart for accounting and finance ?
barwaha
Short Answer on -----Trade mark
what do u mean by arrear basic or arrear hra?
What is Financial planning?
What type of Questions are asked for Interview in Infosys - Financial Process. Any one who is into Research Analyst or Process Executive role, kindly contribute the Questions faced by you?
HOW MANY ACCOUNTING STANDARDS ARE PREVAILING IN INDIA AS DECLARED BY ICAI
What is the Branch Accountant Responsbilities ?
Since minority interest is balance sheet item, and got brought foward figure, how to disclose brought forward figure in consolidation work sheet instead of we make adjustment on current year to show their share in subsidiary.
Who is called consignor
Anyone whose sbi interview has been over , please share all the question asked by them
Short Answer on _______Appropriation
Pls Give me Solution for me. Bcz i m persuing b.a iii But now i m working in accounts . So what i do In future .
