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yes, if the asset value is less than ₹5,000 and the wdv does not constitute more than 10% of total cost.

Depreciation shall be charged at 100%

The above law is applicable only for those assets which are subject to normal wear and tear and having usable life.

Otherwise it would not be statutorily necessary to charge furthur depreciation if asset value has been already reduced to 5% or less (i.e no depreciation, opening wdv and closing wdv will be same uptil sale of asset)

Schedule XIV and Section 205