Can i provide depreciation for land used for quarrying. If yes how can I calculate?
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Depreciation on quarry land
Replies (2)
u can depreciate the tools like ropes and lamps at 100%.
ive heard that quarry land can be depreciated if the useful life "can be" calculated.
the main concern might be the useful life
As per me land donot depreciate. Also no such provision in Companies Act 2013.
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