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New depriciation rate

This query is : Resolved 
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(Querist)
09 September 2015 DEAR SIR

PLEASE BRIEFLY DESCRIBE RATE & RULE OF DEPRICIATION AS PER COMPANY ACT ON PLANT & MACINERY.

REGARDS

VIPIN KUMAR SHARMA
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Vishnu Saboo

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Vishnu Saboo (Expert)
15 September 2015 As per new rule rate of depreciation will be calculated on the basis of useful life of asset
for example if Machine value is 10000 and useful life of same is 5 years so you have to charge depreciation 10000-500/5.
500 is residule value of asset
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