Rates of depreciation along with categories of asset
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 July 2013
dear Members,
My client is charging depreciation on camera and mobile set as per companies rate at the rate of 16.21 % for single shift. is it correct if not then in what category they should be charged and at what rate and what will its impact on accounts. they are charging at that rate from last 2 years.
Please Reply
My client is charging depreciation on camera and mobile set as per companies rate at the rate of 16.21 % for single shift. is it correct if not then in what category they should be charged and at what rate and what will its impact on accounts. they are charging at that rate from last 2 years.
Please Reply
CMA Ramesh Krishnan
(Expert)
21 July 2013
It seems they are charging as computer category. but mobile & camera can be classified under office equipment and charged depreciation as 4.75%
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