Depreciation rate under companies act changing shift
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 November 2015
Dear Sir
Happy Morning
One of the our company client is changing the double shift to single shift during the double shift was used 25.89% Depreciation rate and now is using 15% Rate for calculation of depreciation.
My question is
Is it correct or not?
Happy Morning
One of the our company client is changing the double shift to single shift during the double shift was used 25.89% Depreciation rate and now is using 15% Rate for calculation of depreciation.
My question is
Is it correct or not?
Amol S Joglekar
(Expert)
19 November 2015
it is correct. What is the issue?
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