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.
The book includes:
* 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 *Treatment of plant and machinery upto the value of Rs. 5,000
*Amortisation principles for intangible assets
*Line by line comparison of effective rates of depreciation under the Companies Act, 1956 and the Companies Act, 2013
*Impact of change in depreciation rates on various industries
*Guidance on residual value
*Depreciation under the accounting standards in the Companies Act,2013
*Other provisions in the Companies Act, 2013 that use Depreciation
*Text of Schedule XIV to the Companies Act, 1956 and Schedule II to the Companies Act,2013
