PPT-Depreciation As Per Companies Act-2013

Reference sections 1232 and Schedule II PARTA 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 value The useful life of an asset is the period over which an asset is expected to be available for use by an entity or the number of production or similar units expected to be obtained from the asset by the entity. e amount of domestic currency needed to buy one unit of foreign currency x Currently price of 1 5374 which means 1 can be purchased in exchange of 54 x Exchange rate tells us the value of domestic curren cy in relation to one unit of foreign currenc Act,2013. Fixed Assets & Calculating Depreciation Thereon. CA Gaurav Papriwal. Treatment . of Depreciation as per the Companies Bill, 2013. As per the Companies Bill, Depreciation is the . systematic . Chapter 8. McGraw-Hill/Irwin. © 2009 The McGraw-Hill Companies, Inc.. Accelerated Depreciation. Depreciation. Repair. Expense. Expense. Early Years. High. Low. Later Years. Low. High. Accelerated depreciation . Context. Highly material. Significant impact on sustainability ratios. Based on professional judgement and assumptions. No one can ever accurately predict Useful life and Residual Value. Need to ensure Depreciation methodology is robust, makes sense and fully complies with all aspects of the standards.. Chapter . 12. Accrued depreciation. Age-life method. Book value. Capitalized income method. Cost basis. Cost-to-cure method. Curable depreciation. Curable postponed. Current-value accounting. Deferred maintenance. What is Depreciation?. Decreasing the value of a fixed asset over its useful life. What do we Depreciate?. FIXED ASSETS . Examples: . Office Furniture. Automobile. Building. Except Land. We do not depreciate . All manufactured items decrease in value over time – as they wear out or are replaced by better technology.. This is called depreciation.. This is regarded as an expense.. The loss in value of an item can only be estimated as the real cost is only known when the item is sold.. EGN . 3615. ENGINEERING ECONOMICS . WITH SOCIAL AND GLOBAL IMPLICATIONS. 1. Engineering Economics and.... Chapter Outline. Basic Aspects of Depreciation. Straight-Line Depreciation. Declining Balancing. Chapter . 12. Accrued depreciation. Age-life method. Book value. Capitalized income method. Cost basis. Cost-to-cure method. Curable depreciation. Curable postponed. Current-value accounting. Deferred maintenance. 3615. ENGINEERING ECONOMICS . WITH SOCIAL AND GLOBAL IMPLICATIONS. 1. Engineering Economics and.... Chapter Outline. Basic Aspects of Depreciation. Straight-Line Depreciation. Declining Balancing. Modified Accelerated Cost Recovery System (. J C. Hobbs. Extension Tax Specialist. 580-237-7677. jc.hobbs@okstate.edu. Depreciation Tools. Based upon 2017 Tax Laws. Options available. Use in Income Tax Management. Depreciation. What is depreciable? (Machinery, equipment, vehicles, certain livestock, buildings, and other farm assets with a useful life greater than one year.). David DeGrand, CPA. SourceHOV | Tax. Director, Business Development . Agenda. 2. 3. Extenders Overview. The PATH Act retroactively extends approximately 50 taxpayer-favorable tax extenders. . Tax extenders are temporary tax provisions that are routinely extended by Congress on a one or two year basis. . Partner. UKCA and Partners. Email: pankaj.jain@ukca.in. Mobile: 844 777 8422. ADJUDICATION AUTHORITIES AND PENAL PROVISIONS. PAST PITFALLS AND LESSONS LEARNT. The Act substantially redresses past pitfalls and lays checks and balances through disclosures and enhanced corporate governance mechanisms . The Companies Act, 2013 CS PANKAJ JAIN Partner UKCA and Partners Email: pankaj.jain@ukca.in Mobile: 844 777 8422 ADJUDICATION AUTHORITIES AND PENAL PROVISIONS PAST PITFALLS AND LESSONS LEARNT The Act substantially redresses past pitfalls and lays checks and balances through disclosures and enhanced corporate governance mechanisms