The rates of depreciation are given in Schedule XIV of the Companies Act, 1956, in India which is the minimum that needs to be charged. Discuss the suitability of rule based regulation (rates given)...

The rates of depreciation are given in Schedule XIV of the Companies Act, 1956, in India which is the minimum that needs to be charged. Discuss the suitability of rule based regulation (rates given) against the principle based application of depreciation.