Depreciation
This query is : Resolved
25 October 2013
whether depreciation can be charged at higher rate than specified under companies act??
Ganeshbabu K
(Expert)
25 October 2013
yes, depreciation can be charged at higher rate than specified mimimun rates
.
.
but you should have some basis on what basis and how you have arrived for higher percentage of depreciation
.
.
but you should have some basis on what basis and how you have arrived for higher percentage of depreciation
Nikhil Kaushik
(Expert)
25 October 2013
yes. depreciation can be charged at higher rates. The rates prescribed in the act are only the minimum rates.
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