06-20-2006, 01:09 AM
<blockquote id="quote"><font size="1" face="Verdana, Tahoma, Arial" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by insaan</i>
<br />thx
what's the difference between depreciable amount and carrying ammount..
is this..depreciable amount is the amount at initial recognition
(i.e for computation of 1st year's depreciation charge in case of
depreciation at NBV method & computation of every subsequent year's depreciation in case of depreciation at cost method) and
carrying amount is the amount at subsequent recognition
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Yes, the term depreciable amount is used for the calculations of 1st year and subsequent year's depreciation unless there r some changes in estimates e.g estimates of useful life, residual value etc. In case of revision of estimates then subesequent dep charge shall be based upon CA.
ICAPians, the unparalleled..
<br />thx
what's the difference between depreciable amount and carrying ammount..
is this..depreciable amount is the amount at initial recognition
(i.e for computation of 1st year's depreciation charge in case of
depreciation at NBV method & computation of every subsequent year's depreciation in case of depreciation at cost method) and
carrying amount is the amount at subsequent recognition
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Yes, the term depreciable amount is used for the calculations of 1st year and subsequent year's depreciation unless there r some changes in estimates e.g estimates of useful life, residual value etc. In case of revision of estimates then subesequent dep charge shall be based upon CA.
ICAPians, the unparalleled..
