Depreciation rate
This query is : Resolved
27 August 2011
Hi
please provide the depreciation rate of the following items as per companies act.
Computers
Furniture
Machines - movable
thanks in advance
please provide the depreciation rate of the following items as per companies act.
Computers
Furniture
Machines - movable
thanks in advance
27 August 2011
40%
18.1%
13.91%
as per companies act
18.1%
13.91%
as per companies act
Message likes :
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27 August 2011
i have a question ayush that as per companies act depreciation r calculated as pro - rata basis right na.....
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.
27 August 2011
Yes, Agreed With Sir,
on Prorata Basis.......day by day basis
on Prorata Basis.......day by day basis
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