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Depreciation on trucks

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(Querist)
14 March 2012 A company is a GTA and runs the trucks on contract basis. I want to know at what rate will be depreciated?

they provide dep. on SLM basis.

Thanking you in advance.
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Rajnikant Vadigoppula

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Rajnikant Vadigoppula (Expert)
14 March 2012 40% of opening Book value.
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Parth Vakil

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Parth Vakil (Querist)
14 March 2012 Motor buses & motor lorries other than those used in a business of running
them on hire (NESD)or
Motor buses, motor lorries & motor taxies used in a business of running them on
hire (NESD)

it will fall under which category??

Please clarify the difference between both of them...
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