An enterprise purchases an item of machinery on 1 April 2012 for ` 1,00,000. It depreciates this
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An enterprise purchases an item of machinery on 1 April 2012 for ` 1,00,000. It depreciates this item at the rate of 10 per cent per annum on straight-line basis. On 1 April 2015, the enterprise decides to change the method of depreciation from straight line to written down value. The applicable rate under the new method is 15 per cent. How should the enterprise give effect to this change in the method of depreciation?
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