bijendra singh (Assistant Accounts Officer) (23 Points)
22 June 2019
Hemant Deshmukh
(student)
(286 Points)
Replied 22 June 2019
Generally Plant & Machinery fall under 40% rate of depreciation, but you should be specific about the its category.
Suresh Thiyagarajan
(Student)
(3986 Points)
Replied 22 June 2019
1. There are various rates applies to Plant and Machinery.
2. 15%, 30%, 40%, 50%, 60%, 80% and 100% are various rates applicable to Plant and Machinery. The one which suits your Plant and Machinery descripttion should be applied.
Please correct me if the above solution has an alternative view.
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