section 32 of the Indian income tax act deals with depreciation of fixed assets used for the purpose of business during the whole of or a part of a year.
tangible assets being: building, machinery, plant furniture and fittings
intangible assets being: patents, copyrights, trademarks, franchisees and any other business or commercial right of such nature.
rates for depreciation are provided in rule 5(1) of the income tax act ( in case of business engaged in generation and distribution of power rates are provided in rule 5 (1A) )
Eg. if you bought a machine for 100000, rate of depreciation is 15%, then value of your machine at the end of this year will be 100000 - 15% of 100000 = 85000
there are more conditions that apply to an asset in section 32, you can visit incometaxindia.gov.in to read all sections and rules of the act.
Nation wide? About 32%.
32 million
Lafayette's 2014 25th-75th percentile ACT scores are 27-32 on the English section, 26-32 on the Math section, and 27-30 Composite.
Occidental's 2014 25th-75th percentile ACT scores are 28-33 on the English section, 26-32 on the Math section, and 28-32 Composite.
UIUC's 2014 25th-75th percentile ACT scores are 26-32 on the English section, 26-32 on the Math section, and 26-31 Composite.
Columbia's 2014 25th-75th percentile ACT scores are 33-35 on the English section, 32-35 on the Math section, and 32-35 Composite.
Claremont McKenna's 2014 25th-75th percentile ACT scores are 29-34 on the English section, 28-32 on the Math section, and 29-32 Composite.
Cooper Union's 2014 25th-75th percentile ACT scores are 33-35 on the English section, 32-35 on the Math section, and 32-35 Composite.
Rose-Hulman's 2014 25th-75th percentile ACT scores are 25-32 on the English section, 28-34 on the Math section, and 27-32 Composite.
UT Austin's 2014 25th-75th percentile ACT scores are 24-32 on the English section, 26-32 on the Math section, and 25-31 Composite.
Vanderbilt University's 2014 25th-75th percentile ACT scores are 32-35 on the English section, 30-34 on the Math section, and 32-34 Composite.
Washington University's 2014 25th-75th percentile ACT scores are 32-35 on the English section, 31-35 on the Math section, and 32-34 Composite.