SHEET-1_INSTRUCTIONS

CAREFULLY READ ALL THE INSTRUCTION BEFORE USING THIS SHEET

Note :
To add more assets in sheet : Insert the rows under corresponding group and just copy the formula from previous row (along with Name, DOP etc), change the name of Assets, DOP, Cost, Dep. upto 31.03.2014, etc. Do not
1 change the formula in sheet
Assets of which life has been expired although depreciation charged till 31.03.2014 was lesser than 95% of Original Cost, difference has to be adjusted with Retained earning. Deferred tax assets has also to be created against
2
above said amount.
3 Alternatively, instead of adjusting with retained earnings, you can debit in Profit & Loss account (just like depreciation).
Short depreciation due to expiry of useful life of assets : Same could be adjusted with retained earning. In case adjusted with retained earning, simultaneously provision for deferred tax has also to be created. Deferred Tax Assets
to be created @ 30.90% or 32.445% or 33.99% (depending upon taxable income/loss of the company by crediting Reserve & Surplus A/c (in short Reserve & Surplus A/c should be debited by "Net" amount of "Amount to be
4 Adjusted and Deferred Tax provision"). In below given case : R&S A/c Dr. 10386/-, Deferred Tax A/c Dr. 4645/- and Fixed Assets A/c Cr. 15031/-. Rate assumed 30.90%. This has to be reviewed yearly and has to be again
adjusted as and when assets is sold or discarded or revalued.

5 It is highly suggested / recommended that instead of adjusting with retained earning, transfer the same in P/L A/c in the form of depreciation and calculate the deferred tax as usual as earlier.
Assets against which depreciation till 31.03.2014 has been claimed more them 95% of Original Cost of Assets : Excess Depreciation (Already charged) not to be adjusted anywhere (neither from Reserve & Surplus nor from
6 Current Year Depreciation).
Salvage Value of Assets covered under Note No. 4 will be WDV as on 01.04.2014. Salvage Value not to be maintained @5% of Original Cost for these assets. Law restrict us to keep the salvage value 5% for higher side and not
7
for lower side.
Date of purchase, Original Cost, WDV, accumulated depreciation are dummy figures, just to explain the working. Do not cross verify the figures for actual depreciation till 31.03.2014 considering details as per sheet and do not
8 send query for the same.
Be very careful for depreciation in the last year (example : if remaining life year is 2.46 years, in such a case 3rd (third) year for depreciation of that assets, as same has to be calculated as balancing figure of total depreciable
9 amount under whole life "less" depreciation claimed till the year immediately previous year for which deprecation to be calculated.

10 Calculation sheet is also very effective in those cases in which remaining life of assets is less than 1 year.
11 Depreciation calculation sheet is created for Companies using WDV method and not for SLM method.
Life as per AS-6 means, life estimated by Management. As per "Application Guide on the Provisions of Schedule II to the Companies Act, 2013" issued by ICAI, if "Estimated life (as per AS-6) " is less than "life prescribed under
schedule II", than assets "MUST" be depreciated over "Shorter life as per AS-6" by giving proper discloser in Financial Statements after taking technical advise. However, if life as per AS-6 is higher than life as per Schedule II,
12 the management have following 2 options - Option (1) : Depreciate assets over the life as per schedule II, or, Option (2) : Depreciate assets over life as per AS-6 by giving proper discloser in Financial Statements after taking
technical advise.. Example are highlighted in YELLOW CELLS.

13 Use 2nd Sheet for Illustrations in which Dummy figures has been incorporated for better understanding - "Sheet-2_DEP Sheet With Dummy Figures"
14 Use 3rd Sheet for Assets purchased upto 31.03.2014 - "Sheet-3_Reday to use Sheet for Dep"
15 Use 4th Sheet for Assets purchased after 31.03.2014 - "Sheet-4_Assets Pur. after 31.03.2014"
16 Do not enter any data in coloured cells.

Where there "Life used till 31.03.2014" is "exact equal to useful life" (i.e. remaining life is equal to "0 days") sheet will not show correct results. Wait till new version for same.
 SHEET-2_DEP. SHEET WITH DUMMY FIGURES

………………NAME OF THE COMPANY…………..

DEPRECIATION CHART FOR F. Y. 2014-15
FOR ASSETS EXISTING AS ON 31.03.2014

Adjusted
Date of Depreciable Excess Dep.
Original Cost Dep charged WDV as on Life as per Life as per Useful Life Life Used till Remaining Rate of Dep for the with WDV as on 31st
Purchase / Particular Salvaged value amount over (Already
(Rs) upto 31.03.2014 01.04.2014 AS-6 Co. Act, 2013 Taken 31/03/2014 Life Dep. Year 2014-15 Retained Mar 2015
Put to use whole life charged)
Earning

(A) Land
- Land 29,847,589 - 29,847,589 0.00 0 0 0 0 - - - 0.00% - - 29,847,589

(B) Buildings -
26-Sep-2011 Building 41,823,746 4,865,265 36,958,481 65.00 60.00 65.00 2.51 62.49 2,091,187 39,732,559 - 4.49% 1,660,242 - 35,298,239

(C) Office Equipments

26-Apr-2011 Air Conditioner 690,800 248,614 442,186 8.00 5.00 5.00 2.93 2.07 34,540 656,260 - 70.85% 313,273 - 128,913
29-May-2011 Fire Extinguisher 34,760 12,458 22,302 6.00 5.00 5.00 2.84 2.16 1,738 33,022 - 69.34% 15,463 - 6,839
15-Oct-2011 Fire Extinguisher 46,820 34,257 12,563 6.00 5.00 5.00 2.46 2.54 2,341 44,479 - 48.40% 6,080 - 6,483
18-Jul-2011 Generator 3,218,760 349,872 2,868,888 8.00 10.00 8.00 2.70 5.30 160,938 3,057,822 - 41.95% 1,203,627 - 1,665,261
9-Aug-2011 Lift/Escalators 2,284,120 434,858 1,849,262 12.00 10.00 10.00 2.64 7.36 114,206 2,169,914 - 31.51% 582,764 - 1,266,498
15-Mar-2009 Panels 713,864 358,478 355,386 11.00 10.00 10.00 5.05 4.95 35,693 678,171 - 37.12% 131,926 - 223,460
27-Nov-2008 Pump/Meters 216,126 74,258 141,868 14.00 10.00 10.00 5.34 4.66 10,806 205,320 - 42.47% 60,248 - 81,620
1-Apr-2011 Transformers 557,404 212,487 344,917 12.00 10.00 10.00 3.00 7.00 27,870 529,534 - 30.19% 104,131 - 240,786
19-Jun-2006 Mobile 29,374 12,874 16,500 3.00 5.00 3.00 7.79 (4.79) 1,469 27,905 - 0.00% - 15,031 1,469
28-Mar-2012 Mobile 36,000 13,065 22,935 3.00 5.00 3.00 2.01 0.99 1,800 34,200 - 92.32% 21,135 - 1,800
20-Aug-2005 Computer 2,028,420 2,002,710 25,710 5.00 3.00 3.00 8.62 (5.62) 101,421 1,926,999 75,711 0.00% - - 25,710
7-Jul-2006 Computer 635,000 622,480 12,520 5.00 3.00 3.00 7.74 (4.74) 31,750 603,250 19,230 0.00% - - 12,520
12-Dec-2011 Computer 100,000 68,379 31,621 5.00 3.00 3.00 2.30 0.70 5,000 95,000 - 92.86% 26,621 - 5,000
19-Mar-2014 Computer 180,000 2,560 177,440 5.00 3.00 3.00 0.03 2.97 9,000 171,000 - 63.39% 112,477 - 64,963

(D) Furniture and Fixtures

25-Apr-2011 Electricals Equipments & Fittings 2,092,276 942,877 1,149,399 12.00 10.00 10.00 2.93 7.07 104,614 1,987,662 - 28.77% 330,638 - 818,761
17-Jun-2011 Furniture & Fixtures 3,458,745 1,348,758 2,109,987 11.00 10.00 10.00 2.79 7.21 172,937 3,285,808 - 29.31% 618,494 - 1,491,493

(E) Vehicles
21-Jan-2010 Motor Cycle 72,734 51,868 20,866 11.00 10.00 10.00 4.19 5.81 3,637 69,097 - 25.98% 5,420 - 15,446
10-Aug-2011 Car 1,413,428 766,180 647,248 10.00 8.00 8.00 2.64 5.36 70,671 1,342,757 - 33.85% 219,106 - 428,142

Total Assets 89,479,966 12,422,298 77,057,668 2,981,618 56,650,759 94,941 5,411,644 15,031 71,630,993
 H M Styles Private Limited
Depreciation Chart For F. Y. 2018-19
For Assets Existing As On 31.03.2019

Date of Dep charged WDV as on Life as per Life Used till Rem. Depreciable Rate of Dep for the WDV as on
Purchase / Put Particular Original Cost (Rs) upto 01.04.2018 Co. Act, 31.03.2018 Life Salv. value amt. over whole Dep. Year 2018- 31st Mar 2019
to use 31.03.2018 2013 life 19

(A) Land
Land 5,731,312.00 - 5,731,312.00 - - - - - - - 5,731,312.00
23/Jul/15 Land 1,081,064.00 - 1,081,064.00 - - - - - - - 1,081,064.00
(B) Buildings
1-Apr-2012 Building 702,925.00 233,051.00 469,874.00 60.00 6.00 54.00 35,146.00 667,779.00 4.69% 22,029.12 447,844.88
10-Mar-2014 Building 1,215,808.00 225,674.00 990,134.00 60.00 4.06 55.94 60,790.00 1,155,018.00 4.87% 48,178.76 941,955.24
22-May-2015 Building 81,405.00 11,301.00 70,104.00 60.00 2.86 57.14 4,070.00 77,335.00 4.86% 3,406.58 66,697.42
(C) Office Equipments
12-Mar-2014 LCD 31,500.00 28,708.00 2,792.00 5.00 4.05 0.95 1,575.00 29,925.00 45.43% 1,217.00 1,575.00
Total Assets 8,844,014.00 498,734.00 8,345,280.00 101,581.00 1,930,057.00 74,831.47 8,270,448.53