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Rate of depreciation on solar plant
One transport company installed a solar plant of Rs 2crs alternate source of energy. Kindly advise rate of depreciation as per schedule II of companies act.
Replies (1)
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(f) Plant and Machinery used in generation, transmission and distribution of power [NESD] |
|
|
1. Thermal/Gas/Combined Cycle Power Generation Plant |
40 Years |
|
2. Hydro Power Generation Plant |
-do- |
|
3. Nuclear Power Generation Plant |
-do- |
|
4. Transmission lines, cables and other network assets |
-do- |
|
5. Wind Power Generation Plant |
22 Years |
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6. Electric Distribution Plant |
35 Years |
|
7. Gas Storage and Distribution Plant |
30 Years |
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