What is the useful life and rate of depreciation for a diesel generator set as per companies act.
Chetan Sharma (Service) (52 Points)
17 May 2023What is the useful life and rate of depreciation for a diesel generator set as per companies act.
Yasaswi Gomes new
(Finance )
(4514 Points)
Replied 17 May 2023
You have to look for tax depreciation and company depreciation. Companies act prescribes slm method
Cost-scrap/no. of years/cost of asset= %dep rate
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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