Depreciation
This query is : Resolved
ROHINI KRISHNA
(Querist)
07 August 2015
What about Depreciation rate of an asset costing less than Rs. 5000/- as per Companies Act 2013?
Arpit Shah
(Expert)
07 August 2015
https://taxguru.in/company-law/rates-depreciation-companies-act-2013.html
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07 August 2015
No separate rate. Has to be depreciated as per schedule II. However, the company can choose an accounting policy, if they so wish, to depreciate fully in the year of purchase.
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ROHINI KRISHNA
(Querist)
07 August 2015
Thank You for quick replay..
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