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Can depreciation on an asset be more than its purch price??

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 July 2017 Say a company is a power generation and distribution company set up in andhra pradesh (notified backward area) it purchases an windmill whose deprecition rate is 80%, being a manufacurer it will get an additional depreciation on 35%.So total depreciation would come upto 105%.Is it possible or is there any provision restricting the deprecition upto the cost of the asset?
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
12 July 2017 Depreciation can not be exceed the purchase cost and incidental Exps not more than the cost.
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Querist : Anonymous

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Querist : Anonymous (Querist)
12 July 2017 please mention relevant sections/case laws
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