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How can I calculate Depriciation on Fixed AND CURRENT
ASSESTS ?
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Answer / rajesh s.patil
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 ? | 28 Yes | 1 No |
Answer / rajesh
at the end of Financial year a assets will avail with the
firm then derpriciation charges allow to the assets.
depriciation is use to intence of the assets. its used to
plance & monchinery depriciation allow maximum to the
machinary. for Ex. Truck is used in Tranport 60 %
depriciation & its used a service to our other busined
Depriciation avail 25% per annum
| Is This Answer Correct ? | 5 Yes | 3 No |
Answer / srinivas rao
There are two types of depreciation rates one under
companies act and another is under income tax the rates are
different for both the acts
however there is Depreciation for current assettes
| Is This Answer Correct ? | 4 Yes | 3 No |
Answer / pawan kumar
THERE ARE NO DEDUCTIONS OF DEPRICIATION ON CURRENT ASSETS
& FOR FIXED ASSET CERTAIN RULES DECIDED BY IT DEP & INFORCED
BY COMPANIES ACT,FOR DEPRICIATION DEDUCTION
| Is This Answer Correct ? | 4 Yes | 3 No |
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