Auditors Tool on Depreciation as per Companies Act 2013- Version 2.3 updated upto FY 2019-20 (Released on 08.06.2020)

WHAT IS NEW- in this updated Version 2.3

1. Consolidated Fixed Asset Register (itemised) for enabled upto Financial Year 2019-20 , akin to gross block concept.

2. Master Pivot Table enabled upto FY 2019-20

3. Minor bug fixes

The major features of this free utility includes: (as introduced from version 2.0 onwards)

1. Calculation of Depreciation and WDV for Fin Year 2015-2016 to Fin Year 2019-2020.

2. Consolidated Fixed Asset Register (itemised) for Fin Year 2014-15 to 2019-20 including location wise details, akin to gross block concept.

3. The aspect of sale of fixed asset and the corresponding depreciation thereof also considered in this version, including for Fin Year 2014-15 and onwards.

4. Master Pivot Sheet updated to provide overview of entire fixed asset at one single sheet with features to vividly show the entire presentation of Fixed Assets schedule on a year wise basis comprising off gross block, accumulated depreciation and closing WDV and its sub parts- including location wise segregation and drill down.

4. Embedded Facility to provide Location of Asset and Asset Identification Number / Code – Optional

5. Addition of Fixed Asset Details on or after 01.04.2015 enabled in New Assets Worksheet.

6. Mini Calculator enable to cross verify the depreciation of assets purchased on or after 01.04.2015.

6. Users can directly copy data from the earlier version _and paste the data in the current version. Refer Part B for “HOW TO COPY DATA FROM EARLIER VERSION – for step by step guide”.

7. The worksheet displays the expected date of expiry of assets considering the useful life as specified in Schedule II to Companies Act or on the basis of useful life on user’s own basis, whichever is so selected for the purpose of calculation.

The major features of this free utility includes: (as introduced from version 1.5 onwards)

1. Auto calculation of itemized depreciation for New Assets as per Schedule II and subsequent years’ depreciation on itemized assets.

2. Calculation of tentative date of addition for additions made before 31st March 2014.

3. Facility to choose higher or lower useful life of the assets for the old assets as well as new assets w.e.f .1.4.2014 or even in subsequent year (s). In case of such change in useful life a warning message will appear in the respective sheet.

4. Facility to choose higher or lower Residual value of the assets for the old assets as well as new assets w.e.f. 1.4.2014 or even in subsequent year.

5. Calculation of Depreciation and WDV as per Reducing balance method as well as SLM Method in the same sheet.

6. Prior years’ as well as Subsequent years’ depreciation of the itemized old assets.

7. Option for rounding off to desired level and option for acceptable margin of error.

8. Auto Pivot Table for summary of Fixed Assets for old as well as new assets.

9. Auto calculation of itemized depreciation for Transitional period as per Schedule II.

10. Mini Calculator for old as well as new assets giving instant calculation of depreciation including for subsequent years figures.

11. Standalone Calculator for Old Assets at Old Rate showing the year-wise figures of Depreciation, WDV from inception till 31.3.2014 (and also for subsequent yrs at old rate) on WDV as well as SLM.

Link to Latest Version of  Depreciation Calculator Version 2.3 is given at the end of Article

History of Earlier Versions

4- Download Depreciation Calculator Sch II Companies Act 2013- an Auditors Tool Ver 2.2.1
3 Download Depreciation Calculator as per Companies Act 2013- Version 2.2
2 Download Depreciation Calculator Sch II Companies Act 2013- an Auditors Tool Ver 2.1
1 Download Depreciation Calculator Sch II Companies Act 2013- an Auditors Tool Ver 2

In case of any inconsistency or clarification/ suggestions, kindly contact us

CA Pawan Kumar Agarwal & CA Amitesh Agarwal | C/o Madanlal & Associates, Chartered Accountants, Kolkata | Email: madanlalassociates@gmail.com |  Mobile: 9830262464; 9830459297

Download Free Depreciation Calculator Version 2.3- Schedule II of Companies Act 2013

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6 Comments

  1. Saumya Philip says:

    Thanks for this utility. Its of great help. Would like to mention one bug I am facing. In the ” new asset” sheet, the column ” no: of days put to use” delivers “#value” when i input date of addition. Please suggest a solution.

  2. Amar Mittal says:

    dear all i found that said utility although takes a whlile to download , but is o IMMENSE HELP .
    If you are facing problem in auto downloading the above calculator, you may click on the “download manually tab” given at download option by taxguru.

    Be patient file size is big- but the utility it gives us is massive.

    Alternatively, fill up the contact form at the below link to downlaod the said free utility from the dropbox link provided by the developer:

    goo.gl/forms/0fnAAMtAvGPHR6GJ3

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