depreciation as per companies act - Professionals - Accounting - TIK Share

depreciation as per companies act


Ankit Sharma

2014-08-11

What is depreciation rate for crane as per companies act?

Rahul Rai

2014-08-11

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.

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