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Depreciation rate on Computer Software

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(Querist)
20 July 2010 what is the rate of depreciation for computer software as per companies act?
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
20 July 2010 For the purpose of Companies act computer software will form part of intangible asset and will be amortised with reference to AS - 26 on intangible assets and should be written off over a period of 5 years.

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