Schedule 2 of Companies Act, 2013 : Useful Lives to Compute Depreciation

[1]SCHEDULE II (See section 123) [Effective from 1st April, 2014] 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 for cost, less its residual… Read More