Rates of depreciation - Revision of rate of depreciation in Schedule XIV

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....sion of the rates of depreciation in Schedule XIV to the Companies Act, 1956, with a request that these changes may please be circulated widely and brought to the notice of all your constituent member-companies. 2. The changes made in Schedule XIV as per the enclosed amending Notification shall apply in respect of the accounts of the companies closed on or after the date of issue of the notificat....

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....rce may adopt any of the following alternative bases for computing the depreciation charge : (i) The specified period may be recomputed by applying to the original cost, the revised rate as prescribed in Schedule XIV and depreciation charge calculated by allocating the unamortized value as per the books of account over the remaining part of the recomputed specified period. (ii) The company can....