rate of Depreciation

This query is : Resolved 

27 July 2010 what is the rate of Depreciation as per Companies Act 1956 (SLM) for LIFT/ELEVATOR located in a Factory building?
Will it be included in Factory Building or Plant & Machinery category?

31 July 2010 it should be grouped in plant and machinery and not in buildings.

10 August 2010 Thank you Sir.




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