(Continuation news of MATINSPINN): difference between the sale proceeds and the carrying amount of the asset and is recognized in the income statement. Itemized depreciation rates are as follows: Land and land development (Nil), Factory building 5%, Godown 10%, Plant and machinery 10%, Furniture and fixtures 10%, Sub Station (Machinery) 15%, Gas Generator 15%, Office equipment 15%, Electric installation 15% and Vehicles 20%. Para-60 of BAS - 16 does not specify any specific method of calculation (cont. 4)