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Determination of useful life of an existing asset

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 July 2014 Please let me clarify how to determine the useful life of assets under schedule II of Companies Act, 2013.
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Rupesh Jain

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Rupesh Jain (Expert)
01 July 2014 in company act estimated life given on the basis rate of dep. fix by the act.
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Vishnu Saboo

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Vishnu Saboo (Expert)
01 July 2014 see the list, there is specified useful life for various assets.
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