Depreciation_calculator
Depreciation_CalculatorFill Only Yellow columns To calcutate
depreciation value for new asset purchased after 1st April, 2014
put both useful life same as per Schedule II and expired life 0
"Zero"Auto Calculation of DepreciationBy: Naresh Kansala E-Mail:
[email protected]
Cost of Asset100,000Scrap value of Asset at the end of useful
life @ 5%5,000
As per Schedule XIV of Companies' Act 1956As per Schedule II of
Companies' Act 2013Useful life as per Schedule XIV20Revised life of
asset as per schedule II15Expired life up to 1st April,
20145Remaining useful life on basis of Schedule II10Rate of
depreciation13.91%Revided Rate of Depreciation20.12%Total
Depreciation provided for 5 years52,714Written down value of 6th
year47,286
552,71447,2865,0000.05Depreciation as per Old
ScheduleDepreciation as per New ScheduleYearsAsset's Opening
ValueDepreciation for the YearAsset's Closing Value at Year
endYearsAsset's Opening ValueDepreciation for the YearAsset's
Closing Value at Year
end1100,00013,91186,089647,2869,51537,771286,08911,97674,113737,7717,60130,170374,11310,31063,803830,1706,07124,099463,8038,87654,927924,0994,84919,250554,9277,64147,2861019,2503,87415,3761115,3763,09412,2821212,2822,4719,811139,8111,9747,837147,8371,5776,260156,2601,2605,000
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