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What is the Depreciation on Tubular Battery under Companies Act?
Wiki User
∙ 12y ago
What is Depreciation on Tubular Battery under Company Act
Wiki User
∙ 12y ago
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What is rate of depreciation on battery?
13.91% since tubular batery will be grouped under the block plant and machinery
Depreciation rate for inverter battery under income tax act?
10%
Do you include depreciation expense on the income statement?
Yes you do, there is no specific area that it must go under allowing companies to charge depreciation based on what categories the assets cone under (cost of sales, admin expenses, distribution expenses). Although if it's not clear, normally admin expenses would be considered the norm.
What is book depreciation mean?
The depreciation rate for accounting may be different than that of taxation. The depreciation as per books of accounts may often be termed as book depreciation while that calculated under tax law is termed as tax depreciation.
How do you account difference between depreciation as book and depreciation as tax?
This will be found under "deferred taxes" on the income statement.
Depreciation rate for mobile phone under income tax act?
Depreciation on Mobile Phone will be charged @ 15%.
Accumulated Depreciation is reported on the income sheet?
no. accumulated depreciation goes under non current asset on the Balance sheet
Which is the best tubular battery for invertors?
1. Tubular batteries last longer for 5 to 15 years under proper maintenance condition.2. Highly reliable compared to normal flat plate batteries.3. The spine of Tubular Batteries are made using High pressure HADI casting method which ensures long life even under heavy temperature and rough usage.4. Perform consistently under any conditions hence suitable for sensitive and heavy applications.5. Faster charging is one the notable feature in Tubular batteries.6. Low maintenance - No need to top-up with distilled water frequently.7. Long Standby life compared to flat pasted plate batteries.8. Recommended for UPS inverters
Does the tenant pay depreciation under a triple net lease?
yes
Should Provision for depreciation comes under current liabilities?
All provisions comes under current liabilities so provision for depreciation is as well because it is made for one fiscal year only.
What is a xylophone-like instrument with tubular resonators under each bar?
Marimba
Is depreciation account nominal account?
yes ! it comes under nominal account !!
