Rates of Depreciation under Companies Act 2013
Depreciation Rate Chart – as per part “C” of Schedule II of Companies Act, 2013 after making following assumptions:
- The useful life to computer depreciation of the asset has been taken as per Part C of the Schedule II
- The residual value of an asset has been taken as 5% of the original cost of the asset.
USEFUL LIVES TO COMPUTE DEPRECIATION
thanks very useful details
Why there is two types of depreciation
Companies act
Income act
Request detailed article on depreciation both the act