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Question for depreciation rate of computer.
I had purchased computer in FY 2015-16 from that period depreciation is charged @ 60%. As per income tax act, the depreciation rate is changed from 60% to 40%. So what rate should I consider for the old assets as per Accounting Standard-1. It should continue with 40% or 60%?
Replies (3)
Depreciation rate on Computer changed from 60% to 40% from F.Y. 2017-18
but for old assets which rate we should continue this year as per Accounting Standard-1...
you can calculate as per revised rate 40%
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