Introduction Depreciation of Plant and Machinery  - The Indian Income Tax Act specifies a depreciation rate for the plant, furniture and machinery purchases learned by a beneficiary during the tax year. A Depreciation is a second term to describe how the cost of an asset remains amortized over its useful life. However, the WDV, Recorded…

Introduction Industrial machinery components contain turbines, propellers, bearings, transmissions, controls and instrumentation. Each part is essential for a machine to function properly and add value to the business. These are parts that help machines run smoothly. They include things like gears, bearings, and valves. Understanding this allows you to keep your equipment running smoothly and save…