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Depreciation rate

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(Querist)
25 March 2021 Hi All
What is the rate of depreciation on television as per the companies Act.?

Thanks in advance
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CA Amit Kumar

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CA Amit Kumar (Expert)
29 March 2021 Depreciation as per new companies act is allowed on the basis of useful life of assets and residual value. Depreciation rates are not given under the new companies act and the useful life of Television will be 15 years as per the same.

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