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depreciation -straight line method

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(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
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vijayabhaskarareddy

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vijayabhaskarareddy (Querist)
03 November 2008 maximum numbers of years allowable under straight line method for computer/laptop's.
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S.Srinivasaraghavan

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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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