07 January 2021
Whether there is different DEPRECIATION rate for 1) Plant & Machinery 2) equipment used in machinery as per companies Act what is rate for both
07 January 2021
Yes, if any 'equipment used in machinery' have significant cost and has useful life other than the 'plant and machinery' then ,the said equipment should be considered as separate asset for depreciation under Companies Act,2013 read along with its schedule II.
CAclubindia
