DEPRECIATION ON MOBILE PHONES AS PER CO'S ACT 2013

As per the Companies Act 2013, mobile phones are classified as "Electronics" and are considered as "Office Equipment".

Therefore, the depreciation rate applicable is: - 45.07% (Rate) x 5 years (Useful Life)

This is as per Schedule II, Part C, Section 2 (ii) of the Companies Act 2013.

The general rate of plant and machinery at 13.91% with a useful life of 15 years is not applicable to mobile phones.

 So, the correct depreciation rate for mobile phones is 45.07% with a useful life of 5 years.

Keep in mind that these rates are subject to change.