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Depreciation rates of companies act 2013


16 September 2015 Is schedule II stating rates of depreciation?

i feel no rates are prescribed in companies act 2013.

Was there any amendment in 29.8.2014?

I mean, do we follow rates of depreciation or just useful life concept for a normal small pvt.ltd. company in hotel industry?

regards, ca kunjan, 9222922292

18 September 2015 ok i get it.

slm rates are historical cost -residual value /no.of balance years.

wdv rates are to be calculated by this forumla :-
(1-(s/c)^(1/n))*100 where S = Salvage Value, C= Carrying Amount as on 01-04-14, N= Difference of useful life as per new and old schedule



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