Depreciation rate

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 October 2014 Question No.1. How businessman can determine Depreciation rate of business?
Question No.2. What is the instrument for determining "what amount of money (currency) running in India?

Nikhil Kaushik

Nikhil Kaushik (Expert)
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17 October 2014 1. depreciation rates are governed by the statues like Income-tax Act, Companies act. So the business entity, follows the same.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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17 October 2014 2. the supply of money is determined as per models prescribed by RBI. please refer Report of the Working Group on Money Supply: Analytics and Methodology of Compilation (WGMS) (Chairman: Dr. Y. V. Reddy)

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