abhishreshthaa
Abhijeet S
Fixed assets are stated at cost less depreciation except in the case of certain Land and Development in the Tea Estates Division and Land,Buildings and Plant and Machinery in Rossell Industries Limited are shown at revalued amount . In Tea/Coffee estates, the cost of extension planting of cultivable land including cost of developmentis capitalized.
Depreciation is provided (except in the case of leasehold land which is being amortised over the period of the lease) on the Straight Line Method (SLM) and at the rates and in the manner specified in Schedule XIV of the Companies Act, 1956.
However,certain employee perquisite-related assets are depreciated over four to six years, the period of the perquisite scheme computers and related assets are depreciated over four years certain assets of the cold chain are depreciated over four/seven years and assets of certain subsidiaries are depreciated on the Written Down Value Method (WDV).
The difference between the SLM basis and WDV basis is not significant.Assets identified and evaluated technically as obsolete and held for disposal are stated at their estimated net realisable values.
Depreciation is provided (except in the case of leasehold land which is being amortised over the period of the lease) on the Straight Line Method (SLM) and at the rates and in the manner specified in Schedule XIV of the Companies Act, 1956.
However,certain employee perquisite-related assets are depreciated over four to six years, the period of the perquisite scheme computers and related assets are depreciated over four years certain assets of the cold chain are depreciated over four/seven years and assets of certain subsidiaries are depreciated on the Written Down Value Method (WDV).
The difference between the SLM basis and WDV basis is not significant.Assets identified and evaluated technically as obsolete and held for disposal are stated at their estimated net realisable values.