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Depreciation rate

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(Querist)
05 February 2011 Respected Sir,
i want to know that if any company purchases any assets costing Rs. lessthan 5000 then 100% depreciation will be chareged even allready company is having such assets account in thier books ?

Pls mention the case laws /eny other thing for supporting the answer
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
05 February 2011 Companies Act,1956 permits to do so subject to the conditions mentioned in proviso to note no.8 of schedule XIV of the said act.
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