03 September 2018
what is the useful life in years for a newly purchased bicycle the company follows straight line method of depreciation in Schedule II
02 August 2025
No, a **bicycle** is not classified under "motor cycles, scooters and other mopeds" because it is a non-motorized vehicle.
As per **Schedule II of the Companies Act, 2013**, the useful life for a **bicycle** is generally **5 years** with the **Straight Line Method (SLM)** applied.