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Depreciation as per Companies Act charteredclub.com. The Rate of Depreciation as per Companies Act to be charged on the Assets of a Company as stated in Schedule XIV shall be taken into account while preparing the Balance Sheet and Profit & Loss Account (P&L Account) in accordance with Sec. 350 and also while providing for dividend under ...

Nov 21, 2018· Since depreciation is an expense, it has a direct effect on the profit that appears on a company's income statement. Profit, or net income, is all of the company's revenues minus the cost of doing business, which can include expenses, interest, taxes and depreciation.

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