Useful Lives to Compute Depreciation under Companies Act 2013
Companies Act, 2013 SCHEDULE II [ Enforced with effect from 1-4-2014.] (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. The depreciable amount of an asset is the cost of an asset or other amount substituted… Read More »