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Depreciation

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(Querist)
20 May 2011 In case of private Limited Co., whether amt of Depreciation can exceed 95% of Original cost of asset as per WDV Method of dep.

I mean to say whether we can exceed dep on asset above it's salvage value as per Company Act,1956 ?
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CA Navin Jain

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CA Navin Jain (Expert)
20 May 2011 how its possible

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