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Depreciation

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(Querist)
07 August 2015 What about Depreciation rate of an asset costing less than Rs. 5000/- as per Companies Act 2013?
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Arpit Shah

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Arpit Shah (Expert)
07 August 2015 http://taxguru.in/company-law/rates-depreciation-companies-act-2013.html
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
07 August 2015 No separate rate. Has to be depreciated as per schedule II. However, the company can choose an accounting policy, if they so wish, to depreciate fully in the year of purchase.
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ROHINI KRISHNA

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ROHINI KRISHNA (Querist)
07 August 2015 Thank You for quick replay..

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