Companies Act, 2013 useful life
CA Aakarsh Jain (CA) (10431 Points)
31 October 2021
What is the useful life of solar equipment as per the Companies Act 2013?
7 Replies
Janak Shah
(ca)
(603 Points)
Replied 31 October 2021
40% depreciation per year on written down value.
CA Aakarsh Jain
(CA)
(10431 Points)
Replied 01 November 2021
According to companies act, life of asset is fixed. It can't be like 25 to 30 years. As a CA Final student, you must know it sourav.
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 02 November 2021
Yeah I have already answered it above you should check it
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