Dear Sir
What is the rate of depreciation as per It act 1961 for the building which has been taken on rent for running a hotel Industry
Description
Glass and Plywood work
Civil Work
Interior Design
Plumbing
Painting and polishing
Pop work
Fabrication
Fitting of Hardware
Electrical work
I need this information immediately unless i know this, i cannot complete the depreciation accounting satisfactorily
Please help
A. Total number of days served (365×3) = 1095
B. Less: Total leave taken (including weekly holidays) = 178
C. Actual Period served = 917
D. Entitlement of leave (1/6th of the actual period served) = (917/6) = 153
EXCESS LEAVE: (B – D) = 25.
Sir, we have considered weekly holidays in Form 109 for leave purpose.(We have considered 180 days as leave applicable)
Institute have issued us a notice for excess leave taken of 25 days. Please suggest the process for solving this problem.
A. Total number of days served (365×3) = 1095
B. Less: Total leave taken (including weekly holidays) = 178
C. Actual Period served = 917
D. Entitlement of leave (1/6th of the actual period served) = (917/6) = 153
EXCESS LEAVE: (B – D) = 25.
Sir, we have considered weekly holidays in Form 109 for leave purpose.(We have considered 180 days as leave applicable)
Institute have issued us a notice for excess leave taken of 25 days.
Please suggest the process for solving this problem.
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Query on depreciation rates