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rate of Depreciation

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(Querist)
27 July 2010 what is the rate of Depreciation as per Companies Act 1956 (SLM) for LIFT/ELEVATOR located in a Factory building?
Will it be included in Factory Building or Plant & Machinery category?
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vrnanda

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vrnanda (Expert)
31 July 2010 it should be grouped in plant and machinery and not in buildings.
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Hansel

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Hansel (Querist)
10 August 2010 Thank you Sir.
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