In view of recent changes in the Company Act, my Client want to revised the Depreciation according to the Amendment. In case of Non Cotinuous Plant, the Requirement is as under-
As on 01.04.2014, the carrying value of the Asset is Rs. 80
Less Scrap Value of the Asset Rs. 5
Net Value of the Asset as on 01.04.2014 Rs. 75
Remaining useful life as on 01.04.2014 is 10 years
Depreciation Calculation for Double Shift = 75/10*150%=10.50
Depreciation Calculation for Triple Shift = 75/10*200%=14.00
Please guide and suggest how to do this.