current depriciation rates for fixed assets
- 1 Answers
- 6341 Views
- I also Faced
- E-Mail Answers
The depreciation rates are given under Schedule XIV of the
Companies Act for various machinery/equipments for both wdv
and slm for different shifts of working.
Another schedule of rates are given under Income tax act,
which is used for arriving taxable profit.
Any item less than Rs.5,000/- is to be provided 100%
depreciation.
Even any equipment is used for one day, the depreciation is
to be provided.
Depn is a non-cash flow expenditure and it is provided for
wear and tear of the machine. Depreciation amount is added
to net profit after tax to arrive the net cash flows to the
company, which is useful to find out liqudity of the
company.
| Is This Answer Correct ? | 7 Yes | 0 No |
In intangible assest, patents ,trade marks,copy rights we can feel or some thing can be done but what about goodwill?
give journal entries for the following jan-1 started business with cash 50000 & loan 80000
how do you calculates closing stock in Trading A/c
what is tax?
51 Answers CRP, Genpact, Kotak, Xpitax, Zenta,
expand C A
WHAT WILL BE THE ACCOUNTING ENTRIES IN THE BOOKS IN CASE OF A COMPANY HAVING ITS SHARE CAPITAL WHEN A NEW COMPANY (LTD OR (P) LTD) IS FORMED ?
what is genpact? Tell us about genpact? what is GE? Tell us about GE? Describe your ideal company,location and job? why we should hire you? why do you want to join our company(GE)? What is capital bugeting? Explain the methods of capital bugeting in detail?
20 Answers Bank Of America, GE, Genpact, HCL, ICICI, Oxygen,
EXPAND___________KPO
what is transposition-cum-demat?
what is diff between p&l & trading a/c
How exchange rates are maintained in sap
Tangible & Intangible Assets? Is goodwill a Tangible or Intangible Asset? Goodwill is an intangible asset.
Audit 
