Depreciation


(Querist)
17 July 2019
sir, how will be calculate depreciaton in proprietorship firm and pvt ltd co.


Kamal Kant Mittal (Expert)
28 July 2019
For properitorship firm, we ideally compute depreciation on the basis of rates given in income tax act and for Private limited company, you need to check the life given for assets in schedule II to companies act, 2013.

Regards
CA Kamal Kant


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