Hi guys plzzz let me knw d rate of depreciation in case of following assets as per companies Act, 1956 by both d method(i.e. SLM & WDV):
1. Coffee Machine
2. Water Cooler
3. Telephone
4.Printer
its urgent i need it nw....i waitin
Vijay gandhi (consultant) (567 Points)
21 May 2010Hi guys plzzz let me knw d rate of depreciation in case of following assets as per companies Act, 1956 by both d method(i.e. SLM & WDV):
1. Coffee Machine
2. Water Cooler
3. Telephone
4.Printer
its urgent i need it nw....i waitin
Kumar
(Article)
(922 Points)
Replied 24 May 2010
Gandhiji...
Rate of Depreciation are as follows:
For Item No. 1,2 3 they fall under Plant and Machinery (other than continuous process plant)
Item No. 4 falls under data processing machine.
First rate is under WDV and the second one is under SLM.
1. 13.91% 4.75%
2. 13.91% 4.75%
3. 13.91% 4.75%
4. 40.00% 16.21%
Hope it hepls u