depreciation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 June 2011
our company (pvt ltd. co ) is following slm method . What is the rate of depreciation to be followed for plant and machinery . According to me it should be 4.75% but our co is taking 13.91% (wdv). our consultant is saying in nesd the general rate is 13.91% Please clarify.
02 June 2011
you are correct that this 13.91% is for wdv & 4.75% is for slm but these rates are minimum there is always an option to go on higher side so it is well within the law if depreciation is claimed @ 13.91%
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