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6.3. Depreciation and Amortization

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