26 March 2012
If you are talking of depreciation as per income tax- Depreciation will be 50% of (15% of Rs.40,000)i.e 3000 in case of depreciation as per Companies act- depreciation for 6 days @% as per company's policy but it sgould not be less than rate specified under schedule XIV of companies act.
26 March 2012
Agree with expert..... Addition to that As per Companies act depreciation rate for Air conditioner is 13.91%( As Per SCHEDULE XIV of the companies Act minimum rate)