Interested to Buy Any Domain ? << Click Here >> for more details...
FIXED Asset - What is the most used method/right method in
Depreciation in India and other countries..? (ie., Straight
line method,Written down value method. or etc.,). The
calculation for depreciation how it stand commonly in all
organization..? Is there any difference between companies
and assets..?
Your answer will be highly appreciated.
Thanks in advance.
- 3 Answers
- 8894 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / h.r. sreepada bhagi
In each country fixed asset depreciation methods and rates
will be mentioned in the relevant Act/s. For example in
India, depreciation can be charged on Written Down value
Method or Straight Line Method as per the Companies Act,
1956 (Depreciation Schedule to the Act). As per Income Tax
Act, 1961 different rates & method of calculation is
specified. In any country it's as per the Accounting
Standards and the accounting the guidelines they follow (US
GAAP, UK GAAP, Indian GAAP, IFRS, etc.)
Again it's not easy to say which method is better, as it
depends up on the industry to which a company belongs, it's
business policy, etc.
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / vijaykant
written down value method is the method carried mostly in
India & other countries, only rate of depreciation differs
from Act to Act & from Country to Country.
| Is This Answer Correct ? | 0 Yes | 0 No |
What is an adjusting journal entry?
Dear sir, please tell me how to calculate p.f ( provident fund)?
what is general accounting
i want to wearies heads under direct expenses and indirect expenses
Give example of an intangible Asset that is depriciable
what is the meaing of Purely Temporary Erections as per income tax act
What is an Debenture
What is Inter branch accounts reconciliation
Outstanding rent
ram is withdrawn goods for personal use(sales price RS.600,Cost Price Rs.500) how to pass entry
what is meant by banling reconcillation statement?
We are operating a company which H.O. is Delhi and Branch offices at Kanpur and Hardwar. We need Income and expenses seprately in All branches. is it possible in tally.erp9. if yes please provide the procedure as early.
Audit 
