DEPRECIATION
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 June 2010
WHAT IS THE MAXIMUM % OF DEPRECITAION ALLOWED FOR AN ASSET UNDER THE COMPANIES ACT, 1956 DURING ITS LIFE TIME.
PLS... ADVICE
PLS... ADVICE
08 June 2010
It depends upon type of asset. In some cases, even full amount is allowed as depreciation. Check the link for the Depreciation rates as per Companies Act below
http://kwatraonline.com/OtherpageTheme6.aspx?TYPE=HORIZONTAL&CompanyID=0&PAGENAME=RATES%20OF%20DEPRECIATION&Parent=Utilities&Current=Rates%20of%20Depreciation%20Under%20Company%20Act
http://kwatraonline.com/OtherpageTheme6.aspx?TYPE=HORIZONTAL&CompanyID=0&PAGENAME=RATES%20OF%20DEPRECIATION&Parent=Utilities&Current=Rates%20of%20Depreciation%20Under%20Company%20Act
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