08 January 2009
1. What method of depriciation is applicable as per companies act 1956 (wdv or slm) in books of account?
2. what are the depriciation rates on "pollution control equip." & "energy saving equipment", on "live stock" & "book" as per companies act 1956 (both as per "wdv" & "slm")?
08 January 2009
1.Company can choose any one of them. 2.Schedule X1V of the Companies act,1956 contains the depreciation rates. But the list do not contain the items specifically asked by you. So you have to select the appropriate rate most suitable to you from the said schedule.
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