Depreciation for f.y. 2015-16 (first year) as per comp. act
This query is : Resolved
21 June 2016
Sir,
We have purchase Machines, Furniture, Generator for our new plant in F.Y. 2015-16 and production has start in Sept'2015.
Please tell me that what percentage of Depreciation will be charged for our First F.Y. for following items, as per COMPANIES ACT:
1. Building
2. Plant & Machinery
3. Furniture
4. Generator
5. Office Equipment
6. Electric Applainces
7. Scooter & Bike
Waiting for reply.
We have purchase Machines, Furniture, Generator for our new plant in F.Y. 2015-16 and production has start in Sept'2015.
Please tell me that what percentage of Depreciation will be charged for our First F.Y. for following items, as per COMPANIES ACT:
1. Building
2. Plant & Machinery
3. Furniture
4. Generator
5. Office Equipment
6. Electric Applainces
7. Scooter & Bike
Waiting for reply.
22 June 2016
As per the Companies Act, 2013 number of years is prescribed for the depreciation of assets. Kindly refer to Schedule II of Companies Act 2013 for the depreciation years.
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22 June 2016
Suppose we purchase & start to use a machine, costing Rs. 10000 on 01.07.2015. What will be the depreciation % for that machine for F.Y. 2015-16 for 9 Months. Please reply with example (Solved)
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