depreciation -straight line method
This query is : Resolved
vijayabhaskarareddy
(Querist)
03 November 2008
we bought a laptop , i want to know the maximum numbers years for depreciation under straight line method.
pls reply to uvbr@rediffmail.com
pls reply to uvbr@rediffmail.com
vijayabhaskarareddy
(Querist)
03 November 2008
maximum numbers of years allowable under straight line method for computer/laptop's.
S.Srinivasaraghavan
(Expert)
04 November 2008
PLease refer to schedule 14 of the Companies Act. The rate of depreciation is 16.21% per annum. This means you will be charging depreciation for 6 years.
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