New depriciation rate
This query is : Resolved
09 September 2015
DEAR SIR
PLEASE BRIEFLY DESCRIBE RATE & RULE OF DEPRICIATION AS PER COMPANY ACT ON PLANT & MACINERY.
REGARDS
VIPIN KUMAR SHARMA
PLEASE BRIEFLY DESCRIBE RATE & RULE OF DEPRICIATION AS PER COMPANY ACT ON PLANT & MACINERY.
REGARDS
VIPIN KUMAR SHARMA
15 September 2015
As per new rule rate of depreciation will be calculated on the basis of useful life of asset
for example if Machine value is 10000 and useful life of same is 5 years so you have to charge depreciation 10000-500/5.
500 is residule value of asset
for example if Machine value is 10000 and useful life of same is 5 years so you have to charge depreciation 10000-500/5.
500 is residule value of asset
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