depreciation
This query is : Resolved
Arun Kumar Shukla
(Querist)
08 January 2009
1. What method of depriciation is applicable as per companies act 1956 (wdv or slm) in books of account?
2. what are the depriciation rates on "pollution control equip." & "energy saving equipment", on "live stock" & "book" as per companies act 1956 (both as per "wdv" & "slm")?
2. what are the depriciation rates on "pollution control equip." & "energy saving equipment", on "live stock" & "book" as per companies act 1956 (both as per "wdv" & "slm")?
08 January 2009
1.Company can choose any one of them.
2.Schedule X1V of the Companies act,1956
contains the depreciation rates. But the
list do not contain the items specifically
asked by you. So you have to select the
appropriate rate most suitable to you
from the said schedule.
2.Schedule X1V of the Companies act,1956
contains the depreciation rates. But the
list do not contain the items specifically
asked by you. So you have to select the
appropriate rate most suitable to you
from the said schedule.
CA Chaitanya
(Expert)
08 January 2009
You can either follow straightline or WDV.
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