Rates of depreciation along with categories of asset

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 July 2013 dear Members,

My client is charging depreciation on camera and mobile set as per companies rate at the rate of 16.21 % for single shift. is it correct if not then in what category they should be charged and at what rate and what will its impact on accounts. they are charging at that rate from last 2 years.

Please Reply

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

21 July 2013 It seems they are charging as computer category. but mobile & camera can be classified under office equipment and charged depreciation as 4.75%