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February 2012

Ambuja Cement Ltd. (31-12-2010)

By Himanshu Kishnadwala, Chartered Accountant
Reading Time 1 mins
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From Significant Accounting Policies

Depreciation
The cost of fixed assets, constructed by the company, but ownership of which belongs to government/local authorities, is amortised at the rate of depreciation specified in Schedule XIV to the Companies Act, 1956.

Expenditure on power lines, ownership of which belongs to the State Electricity Boards, is amortised over the period as permitted in the Electricity Supply Act, 1948.

Expenditure on marine structures, ownership of which belongs to the Maritime Boards, is amortised over the period of agreement.

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