What should be rate of depreciation on CCTV camera as per companies act?
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Quick Summary
Discussion on depreciation of CCTV camera under Companies Act 2013. Depreciation is based on useful life, generally estimated around 3 to 6 years depending on usage and classification. It is calculated after considering residual value (normally 5%). Actual life depends on usage and management estimate.
no it's not 5 years it shall be estimated on the basis of it's hrs used each week or day useful life shall be based on its warranty period + brand estimate
CAclubindia
