An assets has useful life of 4 years. It is Depreacited by WDV. method its book value at the end of 4 year is 24% of its original cost have, hence tha rates of depreciation will be applied.
P-A-W-A-N
(TAX - MANAGER AT GURGAON)
(541 Points)
Replied 02 December 2009
Yes Depriciation rate is applied on the asset
MITU....
(ARTICLE Assistant)
(210 Points)
Replied 05 December 2009
Yes dep rates will apply as per the rates
CAclubindia
