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Depreciation as per companies act

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 September 2012 What will be the rate of Depreciation for Heavy vehicles(VOLVO,ASHOK LEYLAND) and Heavy Machinery{Excavator,Loader,Grader}used in Open cast Mines.

A Datta
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Hemant Kumar

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Hemant Kumar (Expert)
22 September 2012 30 % WDV as per Companies act on Heavy Machinery Portable underground machinery and earth moving machinery used in open cast mining.

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