Total projected revenue from the Intangible Assets as provided to the project lender at the time of financial closure / agreement. Projected Revenue from Intangible Asset (C) = (b) Meaning of particulars are as follows :- Cost of Intangible Assets (A) =Д¬ost incurred by the company in accordance with the accounting standards.ДЄctual revenue (Toll Charges) received during the accounting year. (till the end of the concession period) (C)< '(ii) For intangible assets, the provisions of the accounting standards applicable for the time being in force shall apply, except in case of intangible assets (Toll Roads) created under 'Build, Operate and Transfer', 'Build, Own, Operate and Transfer' or any other form of public private partnership route in case of road projects.ДЄmortisation in such cases may be done as follows:- (a) Mode of amortisation Amortisation Rate = Provided that where a company adopts a useful life different from what is specified in Part C or uses a residual value different from the limit specified above, the financial statements shall disclose such difference and provide justification in this behalf duly supported by technical advice' ] Without prejudice to the foregoing provisions of paragraph 1,-ДЎ & 1A[(i) The useful life of an asset shall not ordinarily be different from the useful life specified in Part C and the residual value of an asset shall not be more than five per cent. For the purpose of this Schedule, the term depreciation includes amortisation.ДЈ. The useful life of an asset is the period over which an asset is expected to be available for use by an entity, or the number of production or similar units expected to be obtained from the asset by the entityДў. The depreciable amount of an asset is the cost of an asset or other amount substituted for cost, less its residual value.

Depreciation is the systematic allocation of the depreciable amount of an asset over its useful life. Notified Date of Section: USEFUL LIVES TO COMPUTE DEPRECIATION PART 'A'ДЎ.

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