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Depreciation on CCTV Camera
What should be rate of depreciation on CCTV camera as per companies act?
Replies (8)
Quick Summary
if it comes under network then life should be 6 years. or If use as end user device the. life should be 3 years then rate should calcluted by using
=1-n√residual value /gross
=1-n√residual value /gross
Machine hour rate or life hours could be the yardstick
as per companies it should be on useful life of the asset
what's useful life for CCTV?
you take 5 years
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
useful life shall be based on its warranty period + brand estimate
Depreciation for companies should be calculated as per companies act 2013 ..on its useful life after deducting residual value of 5% from gross
depreciation on office furniture?
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