Depreciation on windmill

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

24 November 2011 Dear All,
Pls suggest me the rates applicable for depreciation on Wind Mill project as per Companies Act.

Regards,
CA Mukesh Somani

RG - A Helping Hand

RG - A Helping Hand (Expert)
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24 November 2011 As per my understanding windmill is a continuous process plant.

It has been mentioned in schedule XIV that depreciation rate for continous process plant is 15.33 %.

Also check the link below:

http://www.cabible.com/forum/showthread.php/5066-Accounting-and-auditing-practices-Volume-17-Query-No-1-9-Windmill-Whether-a-Continuous-Process-Plant