companies act,2013 ca. arun saxena saxena & saxena chartered accountants 811, ansal bhawan 16,...
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COMPANIES ACT,2013
CA. Arun Saxena
Saxena & SaxenaChartered Accountants
811, Ansal Bhawan
16, Kasturba Gandhi Marg,
New Delhi – 110 001.
Mob.: 9810037364E-mail : [email protected]
Depreciation
Schedule II
Depreciation : Allocation of depreciable amount of an asset over its useful life.
Depreciable amount
: Cost of an asset less its residual value.
Useful life of Asset
: Period over which an asset to be available for use.
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SAXENA & SAXENA
Schedule II
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Useful LifeClass of
companies as
prescribed or whose
F/S comply the
accounting standard
Other companies
For intangible
assets
Companies under
Regulating Authority
Not different from as
mentioned in Part C of schedule
Not higher than as
mentioned in Part C
As per Accounting Standard
As notified by such
Authority
Schedule II
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Disclosure in financial statement. Method of depreciation Useful lives of asset if it is different from Part C
Residual value should not be >5% of original cost.
Amount of asset as on the commencement of this schedule Shall be depreciated over the remaining useful
life as per Part C of schedule.
THANK YOU
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