Assets Used in Hotel Industry
This query is : Resolved
30 March 2009
Whether rate of depreciation sholuld be charged as continous plant and machinery...?????
Actually my question is whether all the Asset used in hotel industry should be classified as Continous Plant and Machinery(According to Companies Act) and rate of depreciation should be charged as 5.28% or the dep. should be given of as per shift allowance.
this query arised because according to companies act an asset can be only classfied as continous assets if it is designed and required to be operated
Actually my question is whether all the Asset used in hotel industry should be classified as Continous Plant and Machinery(According to Companies Act) and rate of depreciation should be charged as 5.28% or the dep. should be given of as per shift allowance.
this query arised because according to companies act an asset can be only classfied as continous assets if it is designed and required to be operated
CA. Amit Daga
(Expert)
30 March 2009
Your question is not clear.. what do u mean by continous plant
30 March 2009
wat is ur query cant understand
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