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DEPRECIATION RATE

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(Querist)
17 August 2009 Please let me know the Rate of depreciation on Motor Cars purchased between January 09 to March 2009 by a manufacturing company used in the business and not for hiring purposes.
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C.A.Harish Singh

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C.A.Harish Singh (Expert)
22 August 2009 Rate of Dep. is 15%. But as the usance period is less than 180 now rate of Dep. Will be half.

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