Rate of Depriciation
This query is : Resolved
06 September 2008
Can a Company provide a Depriciation of less than 100% on the assets having a value upto Rs. 5,000.
In other words, can the management make a depriciation policy for writing off the assets say in 3 years.
Pl. provide the view with some supportings.
In other words, can the management make a depriciation policy for writing off the assets say in 3 years.
Pl. provide the view with some supportings.
Guest
Guest
(Expert)
06 September 2008
Dear
Depreciatino provided in the companies act is the minimum rate which the company must charge on its assets. so the company can charge depreciation at the higher rate.
Depreciatino provided in the companies act is the minimum rate which the company must charge on its assets. so the company can charge depreciation at the higher rate.
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