depreciation

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

07 June 2010 whether an asset can be fully (100%) depreciated under the companies act as per schedule XIV - pls... explain with details

Rahul Gupta

Rahul Gupta (Expert)
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07 June 2010 Check out the following link for the depreciation schedule under companies Act.

According to it, Purely temporary Erections can be 100% depreciated. Also there are some itmes under Plant & Machinery, Part D which will be depretiated in full.

http://kwatraonline.com/OtherpageTheme6.aspx?TYPE=HORIZONTAL&CompanyID=0&PAGENAME=RATES%20OF%20DEPRECIATION&Parent=Utilities&Current=Rates%20of%20Depreciation%20Under%20Company%20Act

Querist : Anonymous

Querist : Anonymous (Querist)

08 June 2010 thanks

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