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