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Depreciation accounting

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 May 2015 Sir

I was using depreciation rate of companies act 1956 as per WDV method. Now can anybody tell me the useful life of those assets in terms of year. For eg if rate of furniture & fixture is 18.10% then what is the life of furnitre in terms of year.

I need it for every asset and also the calcultion way
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Amol S Joglekar

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Amol S Joglekar (Expert)
29 May 2015 the right person to contact for finding out the useful life of the asset are
a. Manufacturer of that asset or
b. Chartered Engineer
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Amol S Joglekar

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Amol S Joglekar (Expert)
29 May 2015 with 5 % residual value, the life of asset having a depreciation rate of 18.1% comes to 15 years
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