Depreciation calculation: specified period set by original cost and annual quantum, instalments deducted from written down value. The specified period must be determined by reference to original cost and the yearly quantum of depreciation under the straight line method; reference to original cost is limited to fixing the period and annual instalment. Once the instalment is determined it is deducted from the written down value and not from original cost, and depreciation already provided in prior financial years need not be re provided.
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Provisions expressly mentioned in the judgment/order text.
Depreciation calculation: specified period set by original cost and annual quantum, instalments deducted from written down value.
The specified period must be determined by reference to original cost and the yearly quantum of depreciation under the straight line method; reference to original cost is limited to fixing the period and annual instalment. Once the instalment is determined it is deducted from the written down value and not from original cost, and depreciation already provided in prior financial years need not be re provided.
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