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Schdule ii of companies act 2013
we, being a company, had never calculate depreciation as per sch XIV of companies Act 1956,but it is mandatory to implement sch II of companies act 2013.kindly guide for the same.
Replies (1)
Hii, as per schedule ii of companies act,2013 depreciation on assets is to be provided as per the useful life of assets as provided under the schedule. Both SLM and WDV rates are given. You can download the rate chart, it is easily available
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