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Depreciation on CCTV Camera

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Accounts Assistant
28 Points Posted on 04 April 2019
What should be rate of depreciation on CCTV camera as per companies act?
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On 04 April 2019 at 17:39 Report
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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.

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57 Points Posted on 04 April 2019
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
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On 04 April 2019 at 18:29
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Student
7053 Points Posted on 04 April 2019
Machine hour rate or life hours could be the yardstick
184 Reply
On 04 April 2019 at 18:33
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57 Points Posted on 04 April 2019
as per companies it should be on useful life of the asset
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On 04 April 2019 at 22:28
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Accounts Assistant
28 Points Posted on 04 April 2019
what's useful life for CCTV?
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On 04 April 2019 at 22:30
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57 Points Posted on 04 April 2019
you take 5 years
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On 04 April 2019 at 23:18
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Student
7053 Points Posted on 05 April 2019
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
184 Reply
On 05 April 2019 at 08:11
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57 Points Posted on 05 April 2019
Depreciation for companies should be calculated as per companies act 2013 ..on its useful life after deducting residual value of 5% from gross
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On 05 April 2019 at 09:52
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3134 Points Posted on 25 March 2021

depreciation on office furniture?

3 Reply
On 25 March 2021 at 13:34


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