Question

which method of charging depreciation under the law.
a)SLM
b)WDV​

Answer 1

Depreciation is calculated annually based on the methods specified in the statute. Companies Act prescribes two methods for calculating depreciation: Straight Line Method (SLM) and. Written Down Value Method (WDV).

Answer 2

Here's ur answer ↴↴

⟶ According to the Straight line method, the cost of the asset is written off equally during its useful life. Therefore, an equal amount of depreciation is charged every year throughout the useful life of an asset.

⟶ WDV method is the most common used method of depreciation. Also in income tax act, depreciation is allowed as per WDV method only. In this method depreciation is charged on the book value of asset and book value is decreased each year by the depreciation.

hope it helps....✌️✌️