ABCAUS Excel Depreciation Calculator FY 2023-24 under Companies Act 2013 as per Schedule-II Version 05.18
The maiden ABCAUS Excel Companies Act 2013 Depreciation Calculator was first launched in March, 2015.
The ABCAUS Depreciation calculator for FY 2023-24 has also been formulated and styled the same way as its predecessor so that users find themselves familiar with it.
This calculator is meant for companies following April to March Financial year. Also the calculator is meant only for tangible assets. Like, in last year useful life of the assets purchased during the FY 2023-24 is taken in integers only.
Any error or suggestions may please be reported at ABCAUS WhatsApp Channel only.
Please note that while downloading this utility save it as either Excel 97-2003 (xls) or Macro Enabled sheet in Excel 2007 or later versions (.xlsm) Only
The calculator has been divided into five part as under:
(a) Assets
(b) Opening Details
(c) Additions
(d) Opening Deletions, and
(e) Depreciation Chart
In each part only “grey” fields are required to be filled.
Assets database should be created by providing names of the assets and by selecting the asset type as per schedule-II. Please note that no two names should be identical. If for example there are multiple computers, they should be written in different rows as computer1, computer2…and so on.
Since, you must be having the individual asset-wise list of closing wdv as on 31/03/2023 or the depreciated value of the asset as on 31/03/2014 (for SLM purposes) creating this database should not be a problem.
Please note that new assets purchased during FY 2023-24 should also be filled in this database. Again, please bear in mind that they should also be unique and not bear an identical name to an existing asset.
For example:
You have opening wdv of the block furniture individually for each asset (say, “furniture1”, “furniture2”, “furniture3”) and if during FY 2023-24 there is another addition to the block furniture, then a new nomenclature (say, “furniture4”) should be used in the asset sheet. In the “new addition sheet” this new furniture “Furniture4” is required to be selected for calculating depreciation on new additions.
Since the users must be having individual asset wise closing wdv as on 31/03/2023, the details required in the opening sheet should be filled using the wdv list as on 31/03/2023.
For SLM purposes, depreciated book value of the assets should be filled in column B.
In the Opening WorkSheet, the following particulars are required to be given:
Depreciation Chart
It should be automatically calculated.
The calculator is meant to guide and help in calculating the depreciation, the disclosure requirements have to be separately taken care of.
Also the WDV written off should be charged either to reserves and surplus or profit and loss account.
Similarly, Profit or loss on the disposal of assets should be reflected in profit and loss account.
Depreciation Calculators for preceding years are as under:
FY 2022-23 | Click Here to download |
FY 2021-22 | Click Here to download |
FY 2020-21 | Click Here to download |
FY 2019-20 | Click Here to download |
FY 2018-19 | Click Here to download |
FY 2017-18 | Click Here to download |
FY 2016-17 | Click Here to download |
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View Comments
Sir, waiting for depreciation calculator for as per Companies Act. FY.2023-24, when it available ?
released
Sir when excel depreciation calculator will be ready for FY.2023-24.
Sir, When depreciation calculator for AY.2024-25 WILL BE READY
SIR
WAITING FOR DEPRECIATION CALCULATOR AY 2023-24
Thanks for this depreciation utility which I am using from the beginning i.e 2015. I wish you all the best in your new creations. Good work.. Make life easy in busy schedules... Thanks once again
Sir, I have downloaded cos act depreciation calculator 2018-19,
while calculating in 'Additions' sheet, it is showing negative figures in dep for year 2018-19.
Depreciation is wrongly added back to the purchase cost and it is showing wrong figures.
Please help for the same.
Thank You.
download revised version 7.10
waiting for depreciation calculator for A/Y. 2019-20. when it will be ready sir?, as we have to prepare Balance Sheet.
Waiting for depreciation calculator for F Y 2018- 19 (A.Y. 2019-20). When it will be ready Sir?,
waiting for depreciation calculator for A/Y. 2019-20. when it will be ready sir?, as we have to prepare Balance Sheet.
by 1st week of May 2019
I am not getting link of downloading the excel