The company act specifies useful life for single shift. let's say useful life is 20 years. If i use this machine for two or three shifts, then depreciation increases by 50% and 100 %. will my useful life will still be 20 years.
SFaiz (Engineer) (56 Points)
21 June 2021The company act specifies useful life for single shift. let's say useful life is 20 years. If i use this machine for two or three shifts, then depreciation increases by 50% and 100 %. will my useful life will still be 20 years.
Vasudevan C P
(403 Points)
Replied 21 June 2021
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 21 June 2021
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