Companies Act, 2013 useful life

CA Aakarsh Jain (CA) (10234 Points)

31 October 2021

What is the useful life of solar equipment as per the Companies Act 2013?

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CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 31 October 2021

25 to 30 years

Janak Shah (ca) (603 Points)
Replied 31 October 2021

40% depreciation per year on written down value.

CA Aakarsh Jain (CA) (10234 Points)
Replied 01 November 2021

What is the basis of this answer

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CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 01 November 2021

What??

Bollywood movies (75 Points)
Replied 01 November 2021

Tally software pai kese depreciation laage ga

CA Aakarsh Jain (CA) (10234 Points)
Replied 01 November 2021

According to companies act, life of asset is fixed. It can't be like 25 to 30 years. As a CA Final student, you must know it sourav.

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CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 02 November 2021

Yeah I have already answered it above you should check it

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