What is the depreciation rate induction cooker as per comanies act 1956?

As per the Companies Act of 1956 in India, the depreciation rate for an induction cooker is typically classified under electrical appliances, which generally fall under the category of machinery or equipment. The standard rate for such assets is usually around 15% on the written down value method. However, companies may also refer to the specific guidelines provided in their own depreciation policies, which can vary based on usage and operational conditions. It's important to consult the relevant schedules and provisions for precise application.