Depreication
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 December 2012
Respected Sir/madam,
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.
Thanking you
your's reply anticipator
Ajay
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.
Thanking you
your's reply anticipator
Ajay
CA Anshu Agarwal
(Expert)
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.
so, the rate of depreciation are different for different type of assets.
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