DEPRECIATION ON MOBILE PHONES AS PER CO'S ACT 2013

Miss Mansi Bhojani (Practicing Chartered Accountant)   (1736 Points)

22 October 2024  

Hello,
Need help
What rate of depreciation is charged for mobile phones as per companies act 2013?

As per general rate of plant and machinery at 13.91 % for useful life of 15 years

Or accounted as office equipment and charged 45.07 % with useful life 5 years?