Dep
2
Illustration A B C D E= B-D F = B*5% G H *2002-03 10000 11 6963 3037 500 10 0 *2003-04 10000 10 6330 3670 500 10 0 **2004-05 10000 9 5697 4303 500 10 1 **2005-06 10000 8 5064 4936 500 10 2 Year of Acquisition o f asset Original Co st / Historica l Value No of yrs us ed as on 31/03/201 4 Deprn 31/03/201 4 @ 6.33% (Sch- XIV CA- 1956) Net Carryi ng Amount as on 31/ 03/2014 Residual Value 5% of co st Useful life as per Companies Act 2013 Remaining Useful life as on 31/03/201 4
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Depreciation calculator example
Transcript of Dep
Illustration
A B C D E= B-D F = B*5% G H I = E-F
*2002-03 10000 11 6963 3037 500 10 0 2537
*2003-04 10000 10 6330 3670 500 10 0 3170
**2004-05 10000 9 5697 4303 500 10 1
**2005-06 10000 8 5064 4936 500 10 2
Year of Acquisition of
asset
Original Cost / Historical
Value
No of yrs used as on
31/03/2014
Deprn 31/03/201
4 @ 6.33% (
Sch-XIV CA-1956)
Net Carrying Amount
as on 31/03/2
014
Residual Value 5% of
cost
Useful life as
per Companie
s Act 2013
Remaining Useful
life as on 31/03/201
4
Amount to be
charged from
Opening retain
earnings on
01/04/2014
0
0
3803
2218
Depreciation to be provided for 2014-
15
J = (E-F) /H
0
0
