Q.
What is Dep. Rate on Motorcycle as per company Act 1956 rules for the current year
Asked by tinku,
22 Dec '08 01:27 pm
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Answers (1)
1.
As per Schedule XIV of Companies Act, the depreciation rate is 9.50% as per straight line method and 25.89% as per WDV method. This is applicable to motor cars. motor cycles, scooters & mopeds.
Answered by raghavan pvv, 22 Dec '08 01:31 pm
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