Rate of depreciation on solar plant

1458 views 1 replies

Mohammad Firoz

Article trainee

50 Points Joined August 2011

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)

RAJA P M

"Do the Right Thing...!!!"

128116 Points Joined January 2015

(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
6. Electric Distribution Plant	35 Years
7. Gas Storage and Distribution Plant	30 Years