24103 63401 depreciation calculator

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: naresh.kansala@gmail.com

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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