Depreciation on windmill
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 November 2011
Dear All,
Pls suggest me the rates applicable for depreciation on Wind Mill project as per Companies Act.
Regards,
CA Mukesh Somani
Pls suggest me the rates applicable for depreciation on Wind Mill project as per Companies Act.
Regards,
CA Mukesh Somani
24 November 2011
As per my understanding windmill is a continuous process plant.
It has been mentioned in schedule XIV that depreciation rate for continous process plant is 15.33 %.
Also check the link below:
http://www.cabible.com/forum/showthread.php/5066-Accounting-and-auditing-practices-Volume-17-Query-No-1-9-Windmill-Whether-a-Continuous-Process-Plant
It has been mentioned in schedule XIV that depreciation rate for continous process plant is 15.33 %.
Also check the link below:
http://www.cabible.com/forum/showthread.php/5066-Accounting-and-auditing-practices-Volume-17-Query-No-1-9-Windmill-Whether-a-Continuous-Process-Plant
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