WebThe average lifespan of a computer is typically three to five years, and is gauged by a variety of factors including environmental conditions, usage patterns, and computing … WebJul 2, 2024 · Schedule II of the Companies Act, 2013 describes the useful life of assets that is used to charge depreciation on tangible assets. The Depreciation Rates – Companies Act 2013 is different from rate charged as per Income Tax Act. The prescribed rate as per Income Tax Act is useful for calculation of taxable income and tax payable …

Accounting of depreciation under the Companies Act, 2013

WebJan 6, 2016 · Harsha (Querist) Follow. 06 January 2016 Please tell me the rate of dep on mobile phones as per companies act 2013 & as per income tax act 1961. 07 January 2016 Rate of Depreciation on Mobile as per Companies Act 2013. Under Office Equipment - Useful Life 5 years. SLM 19%. WDV 45.07%. Rate of Depreciation under Income Tax … WebNov 8, 2024 · As per the companies act, 2013, the residual value of an asset cannot be more than 5%. Step 1: Cost of the asset = ₹ 3,00,000. Step 2: Scrap value of the asset = … dekitech zerofilter デキテク ゼロフィルター

How to Calculate Depreciation as per Companies Act …

WebJan 29, 2024 · No useful life for Softwares has been mentioned in the Schedule II of Companies Act 2013 as it has not covered the Intangible Assets. So, in case of … WebDepreciation under Companies Act, 2013. 1 SCHEDULE II 2 (See section 123)USEFUL LIVES TO COMPUTE DEPRECIATION. PART 'A' 1. Depreciation is the systematic allocation of the depreciable amount of an asset over its useful life. WebApr 10, 2024 · Companies also use the same rate of depreciation as that of “Plant and Machinery” to depreciate mobiles. The rates according to the Companies Act of 2013 are: 4.75% SLM (Straight Line Method) 13.91% WDV (Written Down Value) There is an argument about whether to charge the same rate of depreciation as computers. dekisugi ログインできない