Declaration of Computation of depreciation under straight line method as contemplated

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....ssets. The words "Specified period" occurring in some of the sub‑clauses has been explained in section 205(5)(a) as that period at the expiry of which at least 95 per cent of the original cost of the asset would have been written off if depreciation were to be calculated in accordance with the provisions of section 350. Section 350 refers to "reducing balance" method of depreciation and the ....

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....ict for in advance the number of shifts its factory will run in the years ahead, the "specified period" will change along with change of any of the above factors, viz., (a) depreciation rates and allowances, and (b) number of shifts run. So, will it not become necessary for the company in case of such changes, (a) to revise its straight line rate of annual depreciation, and (b) to set right the ne....