Depreciation on quarry land

Co Act 2013 541 views 2 replies

Can i provide depreciation for land used for quarrying. If yes how can I calculate?

Replies (2)

u can depreciate the tools like ropes and lamps at 100%.

ive heard that quarry land can be depreciated if the useful life "can be" calculated.

the main concern might be the useful life 

As per me land donot depreciate. Also no such provision in Companies Act 2013.


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