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Depreciation of mines and mining machinery and equipment depreciation The equipment must be depreciable under the modified accelerated cost recovery system MACRS and have a depreciation recovery period of 20 years or less depreciation rates as per company act of coal crusher depreciation rate applicable to crusher unitsdepreciation
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and disposed of the asset The depreciation allowed in the third year is nearest to a 9600 b 16000 c 19200 d 20000 Solution D 3 1922100000 9600 Disposal before end of MACRS recovery period results in 189yr depreciation in disposal yr The answer is a 1212 A lumber company purchased a tract of timber for 70000
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Rates of depreciation as per companies act 2013 Depreciation Rate Chart under Companies Act 2013 for Financial Year 201718 and 201819 as per SCHEDULE II applicable from 01042014 read with Section 123 which Corresponds to Schedule XIV of the Companies Act 1956
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Heavy mobile quarry assets not specifically listed see Table A Mining 06000 to 10900 Hydraulic oversize rock breakers mounted above primary crusher 8 years 2500 1250 1 Jul 2003 Material handling assets including chutes feeders hoppers product bins and surge bins 20 years 1000 500 1 Jul 2003 Pug mills 15 years 1333
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calculating depreciation of mining equipment taxtreatmentof etsallowancesEuropean Commission Dec 31 2010 Calculated welfare losses due to differences in national taxation set an asset type that is typically allowed a linear depreciation of its value benchmark is a firm s investment in new equipment that reduces future f a mine an
Calculating Depreciation Of Mining Equipment calculating depreciation of mining equipment taxtreatmentof etsallowances European Commission Dec 31 2010 Calculated welfare losses due to differences in national taxation set an asset type that is typically allowed a linear depreciation of its value benchmark is a firms investment in new equipment that reduces future f a mine an Get
Required 1 Compute depletion and depreciation on the mine Compute depletion and depreciation on the mine and mining equipment for 2011 and 2012 The units ofproduction method is used to calculate depreciation 2 Discuss the accounting treatment of the depletion and depreciation on the mine and mining equipmentget price
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Depreciation and Amortization in Mining Industry By Harpreet Sandhu Lecturer Depreciation and Amortization This is a simple method of calculating depreciation ii In this method asset can be depreciated up to the estimated scrap value or zero value iii In this method it is easy to know the amount of depreciation