Depreciation
This query is : Resolved
18 May 2014
If a new machinery has been installed and capacity increases....will this increase in capacity have any effect on calculation of depreciation us 32
18 May 2014
yes...you will have to provide depreciation on this machinery..
19 May 2014
take depreciation as plant & machinery Dep;reical 15% and additional depreciation @ 20%
19 May 2014
additional depreciation shall be allowed only upon satisfaction of 32A(1).
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