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Understanding Depreciation Under India's Companies Act 2013

In this video, we break down the essential concept of depreciation as defined under India's Companies Act 2013. Learn how companies account for the decline in value of assets such as machinery, computers, and vehicles over time. We discuss the three methods allowed by the Act—the Straight-Line Method, the Written Down Value Method, and the Unit of Production Method—as well as Schedule II's standard useful lives for various assets. We also explore the newly introduced component approach and how operations in extra shifts impact depreciation. Discover the differences between accounting and tax depreciation and understand how accurate depreciation fosters credibility and supports smarter financial decision-making. For more detailed insights, visit our full article at www.ilms.academy. Enjoy the video, and don’t forget to like, share, and subscribe! #Depreciation #CompaniesAct2013 #Accounting #Finance #CorporateAccounting #ILMSAcademy

00:00 Introduction to Depreciation under Companies Act 2013
00:47 Methods of Depreciation
01:07 Useful Life and Component Approach
01:45 Impact of Shift Operations on Depreciation
02:01 Transition to the New Law
02:17 Tax Depreciation vs. Companies Act Depreciation
02:31 Conclusion and Further Resources

Detailed Article: https://www.ilms.academy/blog/depreci...

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