--%>

Fixed assets classified to evaluate the depreciation

As per schedule XIV of Companies Act, 1956 how are the fixed assets classified to evaluate the depreciation?

E

Expert

Verified

Evaluate depreciation as per Schedule XIV of Companies Act, 1956 the fixed assets are classified are illustrated below:

i) Administration buildings and Buildings-Factory Buildings
ii) Machinery and Plant
iii) Vehicles
iv) Furniture
v) Computer Installations

   Related Questions in Accounting Basics

  • Q : Dynamic PickList and Pick Applet

    Explain briefly when can anyone go for the Dynamic PickList and for Pick Applet?

  • Q : PPE he following information is taken

    he following information is taken from the financial statements of an entity: 20x4 20x3 Property, plant and equipment $4,600,000 $4,200,000 Accumulated depreciation (1,800,000) (1,350,000) Depreciation expense 560,000 Gain on disposal of PPE 65,000 The asset disposed of had a cost

  • Q : Merits and Drawbacks of acceptance rule

    Write down the merits and drawbacks of acceptance rule ?

  • Q : Hospitality management accounting

    Please complete each of the 3 (three) tasks listed at the end of the problem based on the information below information. Joe Fast started a mobile snack food service on January 2, 2006, investing $15,000 cash depositing in a bank account in the name of “Fast Snacks.” He purchased a second hand, ful

  • Q : Professional accountancy bodies issue

    Briefly describe why professional accountancy bodies issue codes of the ethics for their members.

  • Q : Organisation and Management Part A:

    Part A: What are some of the impediments to good decision making? Given the availability of copious information, why do good managers still make bad decision? (Schernerhorn et al., 2011, p.73). Explain referring to theory in your answer. (Approximately 1700 words). Part B: Critically reflect on your

  • Q : Sinking fund method of calculating

    Briefly describe the sinking fund method of calculating depreciation?

  • Q : Stores Ledger and Bin Card Make a

    Make a distinction between Stores Ledger and Bin Card?

  • Q : Investment bank strategic Briefly

    Briefly elucidate your investment bank strategic in common? Way of work and methods you take?

  • Q : Purposes of pass book Describe briefly

    Describe briefly the purposes which cause pass book of the bank and your bank book not tally?