Depreciation on refrigerator
This query is : Resolved
19 April 2015
Sir we have purchased a refrigerator durng fy 2014-15 what will be the rate of depreciation as per companies act 2014. Is is 13.91%. Secondly let me know please whether the rate of depreciation as per the companies act 2014 are the same as we had applied for the fy 2013-14. I have to finalise the balance sheet of a private limited company for the fy 2014-15.
19 April 2015
From FY 2014-15 depreciation rates as per schedule II of Companies Act 2013 will be applicable.
Check out rates from link given below:
https://www.caclubindia.com/files0512/496179_59179_depreciation_rate_chart_companies_act_2013.pdf
Check out rates from link given below:
https://www.caclubindia.com/files0512/496179_59179_depreciation_rate_chart_companies_act_2013.pdf
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