Depreciation on crusher machine as per it act.
Aarush (Delhi) (1566 Points) Replied 05 July 2012. To be Grouped in to - Plant & Machinery & chargable depreciation @ 15% as per income tax act. Upgrade to …
Depreciation Rates for FY 2023-24 Under Income Tax Act
Illustration: 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 …
Solved 16 Depreciation Problem 7-17 A concrete and rock
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 …
RATE OF DEPRECIATION WHEN ANY ASSET IS ELIGIBLE FOR …
In 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 …
Crusher Product Gradation Charts
Aggregates 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 …
Depreciation Rates and Provisions as per Companies Act …
Depreciation Calculator for Companies Act 2013 Depreciation as per companies act 2013 for Financial year 2014-15 and thereafter. These provisions are …
Solved A concrete and rock crusher for demolition work has
A 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 …
Plant and Machinery Depreciation Rate: Calculation process …
According 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…
Depreciation Rate Chart as per Companies Act 2013 with …
CA Sandeep Kanoi. In this Article we have compiled depreciation rates Under Companies Act 2013 under Written Down Value (WDV) Method and as per …