depreciation -straight line method

This query is : Resolved

vijayabhaskarareddy (Querist)
Follow

03 November 2008 we bought a laptop , i want to know the maximum numbers years for depreciation under straight line method.

pls reply to uvbr@rediffmail.com

vijayabhaskarareddy

vijayabhaskarareddy (Querist)
Follow

03 November 2008 maximum numbers of years allowable under straight line method for computer/laptop's.

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
Follow

04 November 2008 PLease refer to schedule 14 of the Companies Act. The rate of depreciation is 16.21% per annum. This means you will be charging depreciation for 6 years.

Upgrade to CAclubindia Pro. Subscribe Now!