Depreciation rate

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ankit (Querist)

27 August 2011 Hi

please provide the depreciation rate of the following items as per companies act.

Computers
Furniture
Machines - movable

thanks in advance

CA Ayush Agarwal

CA Ayush Agarwal (Expert)

27 August 2011 40%
18.1%
13.91%
as per companies act

Message likes : 1 times

ankit

ankit (Querist)

27 August 2011 thanks AYUSH for ur prompt reply

ankit

ankit (Querist)

27 August 2011 i have a question ayush that as per companies act depreciation r calculated as pro - rata basis right na.....

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)

27 August 2011 Yes, where,during any financial year, any addition has been made to any asset, or where any asset has been sold, discarded, demolished or destroyed, the depreciation on such asset shall be calculated on a PRO RATA basis from the date of such addition or, as the case may be, up to the date on which such asset has been sold, discarded, demolished or destroyed.

CA Ayush Agarwal

CA Ayush Agarwal (Expert)

27 August 2011 Yes, Agreed With Sir,

on Prorata Basis.......day by day basis

ankit

ankit (Querist)

29 August 2011 Thanks a lot

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