| Dep Method | COMPANIES ACT | INCOME TAX ACT | ||
| Name Of Assets | Usefull Life | SLM | WDV | WDV |
| Machine | 15 years | 6.33% | 18.10% | 15% |
| Building | 60 years | 1.58% | 4.87% | 10% |
| Factory Building | 30 years | 3.17% | 9.50% | 10% |
| Furniture | 10 years | 9.50% | 25.89% | 10% |
| Motor Vehicles | 8 years | 11.88% | 31.23% | 15% |
| Computer | 3 years | 31.67% | 63.16% | 40% |
| Electrical Fittings | 10 years | 9.51% | 25.89% | 10% |
Note:-
In Companies Act,
- there is concept of useful life
- It is assumed that there will be 5% Scrap Value at the end of useful life
- Depreciation Rates have been calculated accordingly
In Income Tax Act
Depreciation Rates are directly given which have to be compulsorily followed
