Description
CCH India A Practical Guide To Depreciation Under Companies Act 2013 by CA Dr Sanjeev Singhal and CA R Sankaraiah
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