COMPANIES ACT,2013

CA. Arun Saxena

Saxena & SaxenaChartered Accountants

811, Ansal Bhawan

16, Kasturba Gandhi Marg,

New Delhi – 110 001.

Mob.: 9810037364E-mail : arunsaxena@saxenaandsaxena.com

Depreciation

Schedule II

Depreciation : Allocation of depreciable amount of an asset over its useful life.

Depreciable amount

: Cost of an asset less its residual value.

Useful life of Asset

: Period over which an asset to be available for use.

3

SAXENA & SAXENA

Schedule II

4

SAXENA & SAXENA

Useful LifeClass of

companies as

prescribed or whose

F/S comply the

accounting standard

Other companies

For intangible

assets

Companies under

Regulating Authority

Not different from as

mentioned in Part C of schedule

Not higher than as

mentioned in Part C

As per Accounting Standard

As notified by such

Authority

Schedule II

5

SAXENA & SAXENA

Disclosure in financial statement. Method of depreciation Useful lives of asset if it is different from Part C

Residual value should not be >5% of original cost.

Amount of asset as on the commencement of this schedule Shall be depreciated over the remaining useful

life as per Part C of schedule.

THANK YOU

6 SAXENA & SAXENA