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Depreciation

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(Querist)
17 January 2012 what is the rate of depreciation on computer softwares according to companies act.
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Ravikant

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Ravikant (Expert)
17 January 2012 If Purchased with the Computer :

WDV 40%
SLM 16.21%

If replaced with old one :

Charge it to P&L as Expense
or
Depreciate as above (Add Notes to Accounts)

OR

Depreciate @ 25% as per AS - 26
(Add Notes to Accounts)

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