I've a query regarding depreciation. Why there is no uniformity in depreciation on assets? for eg.Building-5% & 10%, furniture-10% ,Machinery-15% & etc., & can we claim depreciation. Please explain me in this regard.
24 December 2012
the depreciation rate is calculated after considering various factors, like Cost, residual value and useful life of the asset. so, the rate of depreciation are different for different type of assets.
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