COMPANIES ACT,2013 CA. Arun Saxena Saxena & Saxena Chartered Accountants 811, Ansal Bhawan 16,...
-
Upload
bridget-cunningham -
Category
Documents
-
view
213 -
download
0
Transcript of COMPANIES ACT,2013 CA. Arun Saxena Saxena & Saxena Chartered Accountants 811, Ansal Bhawan 16,...
![Page 1: COMPANIES ACT,2013 CA. Arun Saxena Saxena & Saxena Chartered Accountants 811, Ansal Bhawan 16, Kasturba Gandhi Marg, New Delhi – 110 001. Mob.: 9810037364.](https://reader035.fdocuments.in/reader035/viewer/2022071808/56649eef5503460f94bfeca0/html5/thumbnails/1.jpg)
COMPANIES ACT,2013
CA. Arun Saxena
Saxena & SaxenaChartered Accountants
811, Ansal Bhawan
16, Kasturba Gandhi Marg,
New Delhi – 110 001.
Mob.: 9810037364E-mail : [email protected]
![Page 2: COMPANIES ACT,2013 CA. Arun Saxena Saxena & Saxena Chartered Accountants 811, Ansal Bhawan 16, Kasturba Gandhi Marg, New Delhi – 110 001. Mob.: 9810037364.](https://reader035.fdocuments.in/reader035/viewer/2022071808/56649eef5503460f94bfeca0/html5/thumbnails/2.jpg)
Depreciation
![Page 3: COMPANIES ACT,2013 CA. Arun Saxena Saxena & Saxena Chartered Accountants 811, Ansal Bhawan 16, Kasturba Gandhi Marg, New Delhi – 110 001. Mob.: 9810037364.](https://reader035.fdocuments.in/reader035/viewer/2022071808/56649eef5503460f94bfeca0/html5/thumbnails/3.jpg)
Schedule II
Depreciation : Allocation of depreciable amount of an asset over its useful life.
Depreciable amount
: Cost of an asset less its residual value.
Useful life of Asset
: Period over which an asset to be available for use.
3
SAXENA & SAXENA
![Page 4: COMPANIES ACT,2013 CA. Arun Saxena Saxena & Saxena Chartered Accountants 811, Ansal Bhawan 16, Kasturba Gandhi Marg, New Delhi – 110 001. Mob.: 9810037364.](https://reader035.fdocuments.in/reader035/viewer/2022071808/56649eef5503460f94bfeca0/html5/thumbnails/4.jpg)
Schedule II
4
SAXENA & SAXENA
Useful LifeClass of
companies as
prescribed or whose
F/S comply the
accounting standard
Other companies
For intangible
assets
Companies under
Regulating Authority
Not different from as
mentioned in Part C of schedule
Not higher than as
mentioned in Part C
As per Accounting Standard
As notified by such
Authority
![Page 5: COMPANIES ACT,2013 CA. Arun Saxena Saxena & Saxena Chartered Accountants 811, Ansal Bhawan 16, Kasturba Gandhi Marg, New Delhi – 110 001. Mob.: 9810037364.](https://reader035.fdocuments.in/reader035/viewer/2022071808/56649eef5503460f94bfeca0/html5/thumbnails/5.jpg)
Schedule II
5
SAXENA & SAXENA
Disclosure in financial statement. Method of depreciation Useful lives of asset if it is different from Part C
Residual value should not be >5% of original cost.
Amount of asset as on the commencement of this schedule Shall be depreciated over the remaining useful
life as per Part C of schedule.
![Page 6: COMPANIES ACT,2013 CA. Arun Saxena Saxena & Saxena Chartered Accountants 811, Ansal Bhawan 16, Kasturba Gandhi Marg, New Delhi – 110 001. Mob.: 9810037364.](https://reader035.fdocuments.in/reader035/viewer/2022071808/56649eef5503460f94bfeca0/html5/thumbnails/6.jpg)
THANK YOU
6 SAXENA & SAXENA