Banking · Fixed Assets Depreciation Norms
A bank completed a major computerization project across all its branches at a total cost of ₹ 100 Crores for hardware and software. How should this investment be reflected in the Balance Sheet, and what are the specific depreciation rules mandated by the RBI for computer assets in the banking sector?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Reported in Schedule 16 as an immediate write-off
- 2Reported in Schedule 10 and depreciated at 33.33% per annum✓
- 3Reported in Schedule 10 and depreciated over 10 years
- 4Reported in Schedule 11 and not depreciated
Correct answer
Reported in Schedule 10 and depreciated at 33.33% per annum
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