Fixed Assets - EBS (MOSC)

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Change in Depreciation Method

edited Aug 7, 2014 3:07PM in Fixed Assets - EBS (MOSC) 1 commentAnswered ✓

Hi,

We are currently having assets on which we are applying depreciation @ fixed rate percentage in SLM , No life defined .

Now as per change in company act and as per audit observation we need to change depreciation method from SLM to Life base and needed to keep 10% assets part as non depreciable and only 90 % cost will get depreciate as per defined life from 01-APR-2014.

How to achieve this task ? what needed to be change ?

Regards,

Amit

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