Depreciation Rate Chart As Per Companies Act 2013 Download Depreciation Chart As Per Companies act we calculate depreciation on fix depreciable assets and show in Profit And loss a/c in expense side but when we calculate depreciation on fix assets we can face many problems like addition in assets, deletion in assets etc. So Today we provide Depreciation Chart as per Companies act in excel format. Before Providing Depreciation Chart in Excel Format we can understand
- What Is Depreciation
- Applicability of depreciation as per Companies act
- Provisions of Depreciation As per Companies Act
Depreciation Rate Chart As Per Companies Act 2013
What Is Depreciation
Depreciation is a measure of the wearing out, consumption or other loss of value of a depreciable asset arising from use, effluxion of the time or obsolescence through technology and market changes, Depreciation includes amortization of assets whose useful life is predetermined.
Calculation of Depreciation
Depreciation is Calculated as per the provisions of income tax act for income tax return and companies are calculated as per companies act. So Depreciation is calculated by two method one is as per companies act or one is as per income tax act. Today we provide depreciation chart as per income tax act for easily calculate depreciation.
Provisions of Depreciation As per Companies Act
As per Companies Act 2013 Depreciation calculation is not mandatory But every company is calculated depreciation. So All firms who furnish return of companies (ROC Return) is calculate depreciation as per companies act
How to Use This Chart For Depreciation Calculation
Now we tell how to use this depreciation chart for calculation depreciation as per Companies act.
- First You Can download this excel format depreciation chart from below link
- Now You can enter your depreciable asset names
- And Enter Depreciation Rate as per Companies Act
- If any addition or deletion in assets enter there values
- Now depreciation is auto calculated
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Will Provide Depreciation Chart As Per Companies Act For CA And CS Students. Click Here To Below Download Link For Download This Chart As Excel Format