Financial - JDE1 (MOSC)

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Depriciation Method Will remain same in next financial year

edited Apr 22, 2015 10:03AM in Financial - JDE1 (MOSC) 1 commentAnswered

Hello,

We have updated depreciation method due to change in Companies Act depreciation rates in India.

The Previous method was "I1". But to spread the remaining WDV to remaining asset life, we have to choose "01" depreciation method and we have applied it.

Now the question is like that, for F.Y. 2014-15, we have used method "01", then whether method "01" will remain constant in coming future years or not?

Here, we have change the method only for the affected assets.

For newly added assets, we have update the "Depreciation Master" with "I1" method only.

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