Hi,
Can u let me know what is the current rate of depreciation on Motor Cars as per Companies Act, following WDV Basis.
thnx
CA CS Jainam Shah
(Practicing Chartered Accountant)
(2492 Points)
Replied 04 November 2012
Current Rate of Depn. As Per Co's Act on motor car is 25.89% as per wdv method.
praveen kumar devarapalli
(Managing Director)
(361 Points)
Replied 05 November 2012
25.89 % on WDV Basis, fololowing on day wise basis
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