Capital assets (except land) are depreciated on the basis of written down value ('WDV') method or straight-line method.
The applicable depreciation rates are given below:
|Industrial building||5% of cost|
|Motor vehicles||20% of WDV|
|Furniture &fitting||25% of WDV|
|Ship||10% of cost|
|Tanks||3% of cost|
|Plant, machinery or any other article||25% of WDV|