As per as per Part "C" of Schedule II of The Companies Act 2013, depreciation rates on crane with capcity more than 100 tons is 4.75% under SLM and 13.91% under WDV.
Cranes with capacity of less than 100 tons, depreciation rates are 6.33% and 18.10% under SLM and WDV.
Also the rates depends the purpose for which cranes are used, the above rates are applicable if cranes are used in Civil Construction.
Posted 2 years, 6 months ago by Rahul Rai
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