Depreciation on trucks

This query is : Resolved

Parth Vakil (Querist)
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14 March 2012 A company is a GTA and runs the trucks on contract basis. I want to know at what rate will be depreciated?

they provide dep. on SLM basis.

Thanking you in advance.

Rajnikant Vadigoppula

Rajnikant Vadigoppula (Expert)
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14 March 2012 40% of opening Book value.

Parth Vakil

Parth Vakil (Querist)
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14 March 2012 Motor buses & motor lorries other than those used in a business of running
them on hire (NESD)or
Motor buses, motor lorries & motor taxies used in a business of running them on
hire (NESD)

it will fall under which category??

Please clarify the difference between both of them...

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