Alteration of depreciation schedule: government revises depreciation rates for aeroplanes and removes a specified schedule item. Central Government, exercising the power to alter schedules under the Companies Act, substitutes the Schedule XIV entry for sub-item B.1 to prescribe new Written Down Value and Straight Line depreciation rates for aeroplanes, aero engines, simulators, visual systems and quick engine change equipment across shift categories, and omits sub-item C.1 from the Schedule, thereby modifying the Schedule XIV depreciation treatment for those asset classes.
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Alteration of depreciation schedule: government revises depreciation rates for aeroplanes and removes a specified schedule item.
Central Government, exercising the power to alter schedules under the Companies Act, substitutes the Schedule XIV entry for sub-item B.1 to prescribe new Written Down Value and Straight Line depreciation rates for aeroplanes, aero engines, simulators, visual systems and quick engine change equipment across shift categories, and omits sub-item C.1 from the Schedule, thereby modifying the Schedule XIV depreciation treatment for those asset classes.
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