Depreciation for the year fy 2015-16
varun thakkar (5 Points)
19 May 2016varun thakkar (5 Points)
19 May 2016
Harshad Kanekar
(Taxation and Accounts Executive)
(314 Points)
Replied 19 May 2016
Yes, Same rate is applicable only if Useful life doesn't change. I mean if you upgrade or make any changes in the asset and due to it if Useful life extends then Depreciation rate will change accordingly.
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