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Depreciation

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 April 2012 Company gives Excavator(Proclain and Trailor) on hire, and does not uses for it own purpose. What is the rate of depreciation to be charge for it??


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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
20 April 2012 If it is heavy vehicle then the rates applicable to it but it is not carrying any goods so do nto charge for heavy vehicles charge normal rate as applicable to machinery
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Querist : Anonymous

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Querist : Anonymous (Querist)
21 April 2012 But firm gives it to other firm on hire, so rate to be charge will be 15% or 30%?
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