Depreciation
This query is : Resolved
Satrasala Sandeep
(Querist)
07 September 2011
What is the rate of depreciation as per schedule XIV of the companies act for a continuously processing plant..?
Hari Beldona
(Expert)
08 September 2011
In case of plant & machinery employed in continuous process plant the rate of depreciation is as below:
WDV.......15.33%
SLM....... 5.28%
WDV.......15.33%
SLM....... 5.28%
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CA Pushpendra Gaur
(Expert)
28 September 2011
well the rates given above are minimum rate you can charge depreciation at higher rates also.
for that disclosure is required to be maintained in the accoutning policies
for that disclosure is required to be maintained in the accoutning policies
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