Companies Act Depreciation
Calculate book depreciation (SLM or WDV) based on the asset's useful life as per Schedule II of the Companies Act, 2013.
Check Schedule II (e.g. Computers=3-6 yrs, Furntiture=10 yrs).
Ordinarily should not exceed 5% of cost.
Implied Depreciation Rate
45.07% p.a.
Residual / Salvage Value: ₹50,000
Depreciation Schedule (First 5 Years)
| Year | Opening WDV | Depreciation | Closing WDV |
|---|---|---|---|
| Year 1 | ₹10,00,000 | -₹4,50,720 | ₹5,49,280 |
| Year 2 | ₹5,49,280 | -₹2,47,571 | ₹3,01,709 |
| Year 3 | ₹3,01,709 | -₹1,35,986 | ₹1,65,723 |
| Year 4 | ₹1,65,723 | -₹74,694 | ₹91,028 |
| Year 5 | ₹91,028 | -₹41,028 | ₹50,000 |