The useful life or residual value of any specific asset, as notified for accounting purposes by a Regulatory Authority constituted under an Act of Parliament or by the Central Government shall be applied in calculating the depreciation to be provided for such asset irrespective of the requirements of this Schedule. See more Notes 1. "Factory buildings" does not include offices, godowns and staff quarters. 2. Where, during any financial year, any addition has been made to any asset, or where any … See more WebUnder the Companies Act, 2013 (2013 Act), depreciation accounting assumes a new order, from a regime of prescription based depreciation rates, the new law now provides …
Depreciation Calculator and Schedule as per Companies Act 2013 …
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Full Guide: Depreciation Rates as per Companies Act, 2013
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