Economics questions and answers. 16 Depreciation Problem 7-17 A concrete and rock crusher for demolition work has been purchased for $60000, and it has an estimated …
WhatsApp: +86 18221755073A concrete and rock crusher for demolition work has been purchased for $60, 000, and it has an estimated S V of $10, 000 at the end of its five-year life. Engineers have …
WhatsApp: +86 18221755073Aggregates required for a given job are generally specified by a full set of gradation limits and other relevant properties of the material. When rock is crushed, the …
WhatsApp: +86 18221755073In that case depreciation for the full year shall be eligible at the rates applicable for office building. If the same flat is used as residence for some part of the …
WhatsApp: +86 18221755073Depreciation Calculator for Companies Act 2013 Depreciation as per companies act 2013 for Financial year 2014-15 and thereafter. These provisions are …
WhatsApp: +86 18221755073Illustration: An asset with a cost Rs 150 has a carrying amount of Rs 100. Cumulative depreciation for tax purposes is Rs 90 and the tax rate is 25%. therefore, the tax base (opening balance as per IT Act) is –. (Cost of Rs 150 less cumulative tax …
WhatsApp: +86 18221755073Aarush (Delhi) (1566 Points) Replied 05 July 2012. To be Grouped in to - Plant & Machinery & chargable depreciation @ 15% as per income tax act. Upgrade to …
WhatsApp: +86 18221755073According to the Income Tax Act, certain depreciation rates are applicable in case a company purchases a plant or machinery during a fiscal year. If a company invests in furniture, equipment or machinery throughout a year, it needs to record depreciation as the assets' values decrease over time. For income tax calculatio…
WhatsApp: +86 18221755073CA Sandeep Kanoi. In this Article we have compiled depreciation rates Under Companies Act 2013 under Written Down Value (WDV) Method and as per …
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