Schedule ii

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

13 August 2016 RESPECTED SIR,
IN CASE OF CONTINUOUS PROCESS PLANT THE USEFUL LIFE OF PLANT AND MACHINERY IS 25 YEARS.
SIR, WHETHER THE CLAUSE OF 5% RESIDUAL VALUE OF ORIGINAL COST IS IN FORCE OR NOT ? AND WHETHER EXTRA SHIFT DEPRECIATION WILL BE CHARGED OR NOT ?
PLEASE GUIDE ME
WITH REGARDS

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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13 August 2016 1. Residual value is in force. Please see clause 1 of part A of schedule II.

2. No extra shift depreciation. Please see clause IV (b) of part C of schedule II.

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