Calculation Of Useful Life


CALCULATION OF USEFUL LIFE OF ASSETS BY CHARTERED ENGINEER

 

Ace Consulting Engineers offer services for Computation of Useful Lives of Assets as per the requirement of Company’s Act , 2013 keeping in view of the nature of tangible assets and number of working shifts.

 

Useful Lives to Compute Depreciation

  • The provision in Companies Act, 2013 emphasises on the concept of useful life of assets by providing indicative life and residual value for assets.
  • In case, the companies use the values that are different from the Schedule II, then they would be required to disclose in their financial statements to justify the variation along with the technical report by an independent Chartered Engineer and Registered Valuer.


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