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Depreciation

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(Querist)
03 November 2015 what are assets depreciation comes under plant&machiney 60% except computers??
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Amol S Joglekar

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Amol S Joglekar (Expert)
03 November 2015 plants and machinery of every sort falls under this category. Examples are unending...
Lathe machines, Wire cut machines, CNC machines, grinders, mixers, compactors, vibrators and so on so forth
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thotasrinivas

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thotasrinivas (Querist)
04 November 2015 what abt softwares and cash counting mechines?? how much depreciation need to charge on?



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Amol S Joglekar

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Amol S Joglekar (Expert)
05 November 2015 15 % depreciation is charged on cash counting machines.
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thotasrinivas

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thotasrinivas (Querist)
05 November 2015 what about software applications??
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Amol S Joglekar

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Amol S Joglekar (Expert)
06 November 2015 it falls under INTANGIBLEs. The depreciation is charged accordingly.

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