QUESTION 141 In the year 2018-19, an entity has acquired a new freehold building with a useful life of 50 years for Rs. 75,00,000. The entity desires to calculate the depreciation charge per annum using a straight-line method. It has identified the following components (with no residual value of lifts & fixtures at the end of their useful life) as follows: Component Cost Useful life (Years) Infinite 25 Land Roof Lifts Fixtures 20 10 Rs. 10,00,000 Rs. 15,00,000 Rs. 7,50,000 Rs. 2,50,000 Rs. 40,00,000 Rs. 75,00,000 Remainder of building 50 Calculate depreciation for the year 2018-19 as per componentization method. Also state the treatment, in case Roof requires replacement at the end of its useful life