Companies Act, 2013 useful life

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CA
10436 Points Posted on 31 October 2021
What is the useful life of solar equipment as per the Companies Act 2013?
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On 31 October 2021 at 20:20 Report
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This discussion explores the useful life of solar equipment according to the Companies Act 2013. While some suggest 25-30 years with 40% depreciation, others question this, citing the Act's fixed asset life principles. The conversation touches upon how depreciation is applied in software like Tally and the underlying basis for determining an asset's lifespan.

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Chartered Accountant
24588 Points Posted on 31 October 2021
25 to 30 years
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On 31 October 2021 at 20:49
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ca
603 Points Posted on 31 October 2021
40% depreciation per year on written down value.
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On 31 October 2021 at 21:30
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CA
10436 Points Posted on 01 November 2021
What is the basis of this answer
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On 01 November 2021 at 07:10
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Chartered Accountant
24588 Points Posted on 01 November 2021
What??
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On 01 November 2021 at 10:48
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75 Points Posted on 01 November 2021
Tally software pai kese depreciation laage ga
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On 01 November 2021 at 10:53
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CA
10436 Points Posted on 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.
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On 01 November 2021 at 20:56
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Chartered Accountant
24588 Points Posted on 02 November 2021
Yeah I have already answered it above you should check it
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On 02 November 2021 at 06:11

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