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Discussion > Corporate Law >

Depreciation under Comapnies ACt

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Qualified Assistant

[ Scorecard : 16] 		Posted On 11 July 2007 at 03:46 Report Abuse

Dear sir,

                If a company is engaged in the business of running an amusement park,what is the appropriate Depreciation rate? is it 13.91% or 40%

 

Thanks & Regards

 

 

Raj
CA

[ Scorecard : 514] 		Posted On 12 July 2007 at 00:26

In companies act has been provided the rate only for minimum rate , you can fixed as per the best assumption or status of your assets. here you are talking about amusement park , that have more uncertainity in business go for higher rate.


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