Depreciation rate

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Vipul

Vipul (Querist)
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06 July 2011 What is the rate of Depreciation of Trademark under Companies Act ?

CA CS CMA Srinivasan N

CA CS CMA Srinivasan N (Expert)
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06 July 2011 Hi
There are no specific rates for Intangible Assets in Companies Act. However you can refer AS-26 which provides as follows:
ntangibles have to be amortized as per AS 26.
A variety of amortisation methods can be used to allocate the depreciable
amount of an asset on a systematic basis over its useful life. These methods
include the straight-line method, the diminishing balance method and the
unit of production method. The method used for an asset is selected based on
the expected pattern of consumption of economic benefits and is consistently
applied from period to period, unless there is a change in the expected
pattern of consumption of economic benefits to be derived from that asset.
There will rarely, if ever, be persuasive evidence to support an
amortisation method for intangible assets that results in a lower amount of
accumulated amortisation than under the straight-line method.

Rgds
Srinivasan

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