The recent enactment of the Companies Act, 2013 is rightly treated as dawn of a new era. After bringing far-reaching changes in other areas, the spectrum of financial reporting has widened and brings higher responsibilities on those associated with financial reporting, be it the auditors or the management. A Practical Guide to Depreciation under the Companies Act, 2013” aims at explaining the finer changes relating to depreciation in a simple language with real-life examples.

Key Features:-

  • Concept of useful life as against minimum rates of depreciation
  • Concept of component accounting, which is now mandatory under the Companies Act, 2013
  • Transitional provisions due to shift from minimum rates of depreciation to useful life concept
  • Amortisation principles for intangible assets
  • Depreciation under the accounting standards in the Companies Act,2013
  •   Impact of change in depreciation rates on various industries

More Details about A Practical Guide to Depreciation under Companies Act 2013

General Information  
Author(s)CA Dr Sanjeev Singhal and CA R Sankaraiah
PublisherCCH India
Publish YearOctober 2013