23 May 2014
Where any assets less than 5000/- then 100% rate of depreciation is to be charges as per company act. Whether these 100% rate is also pro-rata basis or whole assets may be depreciated in same financial year. Kindly claricy
09 June 2014
I think schedule XIV of oompany act says to rate of depreciation on these items i.e. 100% and similiary any assets addition/discarded during the year should be charged pro-rata basis.
With this anology we should charged pro-rate depreciation also on assets having less than 5000 cost.