Depreciation

This query is : Resolved

Satrasala Sandeep (Querist)
Follow

07 September 2011 What is the rate of depreciation as per schedule XIV of the companies act for a continuously processing plant..?

Hari Beldona

Hari Beldona (Expert)
Follow

08 September 2011 In case of plant & machinery employed in continuous process plant the rate of depreciation is as below:

WDV.......15.33%

SLM....... 5.28%

Message likes : 1 times

CA Pushpendra Gaur

CA Pushpendra Gaur (Expert)
Follow

28 September 2011 well the rates given above are minimum rate you can charge depreciation at higher rates also.
for that disclosure is required to be maintained in the accoutning policies