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Depreciation calculation as per companies act

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(Querist)
01 October 2021 A hotel (lodge) , rents out the rooms to guests, what is the life of asset as per the Companies Act.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
01 October 2021 60 years is the life of the asset and depreciation rate is 1.58% straight line.
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R S Sai Kumar

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R S Sai Kumar (Querist)
01 October 2021 Thank you sir
R S Sai Kumar
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