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Useful life as per company act 2013

Co Act 2013 834 views 2 replies

The company act specifies useful life for single shift. let's say useful life is 20 years. If i use this machine for two or three shifts, then depreciation increases by 50% and 100 %. will my useful life will still be 20 years.

Replies (2)
Hi Aslam,

I think useful life of the asset doesn't change i.e in ur case it will be 20 years.
Yes useful life still same


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