https://www.taxtmi.com/circulars?id=9873 Companies must charge depreciation using either the Straight Line Method or the Written Down Value method; the Unit of Production method is disallowed. The Department reasons that depreciation represents loss of value over time, a concept not reliably captured by a production-based approach which can imply no depreciation in non-production years, extend asset life beyond the period underlying prescribed rates, and enable profit manipulation through estimated production and technical assumptions. en-us Fri, 21 Feb 2003 00:00:00 +0530 Thu, 09 Jun 2011 15:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9873 Companies must charge depreciation using either the Straight Line Method or the Written Down Value method; the Unit of Production method is disallowed. The Department reasons that depreciation represents loss of value over time, a concept not reliably captured by a production-based approach which can imply no depreciation in non-production years, extend asset life beyond the period underlying prescribed rates, and enable profit manipulation through estimated production and technical assumptions. Circulars Companies Law Fri, 21 Feb 2003 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9873