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Fixed assets age wise classification

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 July 2014 please guide me fixed asset age classification

22 July 2014 so wat u want to know wxactly.

23 July 2014 in new company act 2013, FA are based on their useful life, and depreciation also to be charged accordingly.
say plant and machinery's dep rate was earlier 4.75% in single shift, which is no 6.33% as the useful life of plant & machinery is 15 years.


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