Depreciation Rates
Businesses depreciate long-term assets for both accounting and tax purposes, for this they use Depreciation Rates as defined under the respected Act.
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Companies
Businesses depreciate long-term assets for both accounting and tax purposes, for this they use Depreciation Rates as defined under the respected Act.
Depreciation is the systematic allocation of the depreciable amount of an asset over its useful life, where the depreciable amount of an asset is the cost of an asset or other amount substituted for cost, less its residual value.
For calculating Depreciation as per Companies Act 2013, depreciation is calculated by considering the useful life of assets, cost, and residual value.
Before knowing the Depreciation Rate as Per Companies Act for FY 2019-20, we must know the meaning of depreciation. In simple words, depreciation is a reduction in the value of assets over time, due in particulars to wear and tear. …
Meaning of Depreciation- Before knowing the Depreciation Rate as Per Companies Act For AY 2020-21 PDF, we must know the meaning of depreciation. In simple words, depreciation is a reduction in the value of assets over time, due in particulars …
Ministry of Company Affairs (MCA) vide General Circular no. 28/2020, dated 17th August 2020 has issued a clarification on an extension of the Annual General Meeting (AGM) for the financial year ends on 31.03.2020. In this article, we will discuss …