Lower depreciation
Querist : Anonymous
According to companies act, 1956 can we charge lower depreciation on machinery. Because the life of machinery is more than 10 years. For that we have to make application to Central goverment. Please can I get Board resolution for it.
Querist : Anonymous
But their might not be any board resolution under companies act, 1956. But lower depreciation is applicable.
Querist : Anonymous
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