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depreciation as per companies act

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(Querist)
15 September 2009 depreciation as per companies act is calculated on no. of days used or there is any other method?is there ne depreciation on intangiable assets as per companies act?
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Rajesh

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Rajesh (Expert)
15 September 2009 Yes it is calculated on the basis of days of life in any f.y.

not on basis of using life ( Depreciation will be applicable if assets are keep idle.
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