Methods of Providing or Allocating Depreciation

As per income tax act there are different methods of Deprecation which depends upon the nature and type of the assets. These methods are given as under:-

• Straight Line Method
• Written Down Value Method
• Annuity Method
• Depreciation Fund Method
• Insurance Policy Method
• Revaluation Method
• Depletion Method
• Machine Hour Rate Method

Out of above methods, first two methods are commonly used in business.

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