Live stock dep rate

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hI FRNDS.!!!!!!!!!!11

 

can any one give depreciation rate  for Live stock ????????

Replies (1)

there is no depreciation rate for livestock however depreciation is allowed as follows.

Cost of livestock                 =                           100000

Proceeds from sale of remainings =             10000

of dead animal(livestock)

i.e leather etc.

Depreciation                                     =               90000        

 

in simple words you can say that depreciation is allowed at the time of death or selling of animals  


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