How can I calculate Depriciation on Fixed AND CURRENT
ASSESTS ?
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Answer Posted / 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
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