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Reference

Useful Lives โ€” Companies Act 2013 (Schedule II)

Indicative useful lives for depreciation under the Companies Act.

Last updated 01 Apr 2025

AssetUseful life
Buildings (RCC)60 years
Plant & machinery (general)15 years
Furniture & fittings10 years
Office equipment5 years
Computers (end-user devices)3 years
Computers (servers/networks)6 years
Motor vehicles8 years
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