Depreciation for Partnership Firm
This query is : Resolved
17 February 2010
Please tell me the rates of Depreciation for Partnership Firm as per companies act for following?
1 ) Air Conditioner
2 ) Celling Fan
3 ) Computer Systems
4 ) Mobile Phone
5 ) Furniture
6 ) Refrigrator
1 ) Air Conditioner
2 ) Celling Fan
3 ) Computer Systems
4 ) Mobile Phone
5 ) Furniture
6 ) Refrigrator
17 February 2010
The rates given under companies act are not applicable to partnership firms. Still the rates of the mentioned assets under companies act are as below. The rates given are for wdv method:
1 ) Air Conditioner - 13.91%
2 ) Celling Fan - 13.91%
3 ) Computer Systems - 40%
4 ) Mobile Phone - 13.91%
5 ) Furniture - 18.10%
6 ) Refrigrator - 13.91%
1 ) Air Conditioner - 13.91%
2 ) Celling Fan - 13.91%
3 ) Computer Systems - 40%
4 ) Mobile Phone - 13.91%
5 ) Furniture - 18.10%
6 ) Refrigrator - 13.91%
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