Government Engineering College, Bharuch
Chemical Engineering Department
Expert talk Title:
‘Depreciation on
Plant and Machinery ’
Name of Expert: Shri Snehal Tralsawala
Hon. Treasurer IIChE,
Ankleshwar Regional Center
Bharuch
Date of Expert
talk: 29/06/2021
Time: 11.30 am -12.30 pm
Faculty
Co-ordinator: Dr. Naina H.
Tahilramani (Asst. Prof. –Chemical Engg.)
No. of students: 57 (5th Semester)
Speaker Profile:
Shri
Snehal Tranlsawala has passed out B.E. Chem. From DDIT in 1986 and Masters in
Chemical Engineering from Villanova University US Philadelphia. He has also
done one year Programme on Certificate of Business Excellence with University
of California, Berkely. He has worked with multinational company in US for 9 years.
He returned to Bharuch in 1998 and since then have worked with UPL, Isagro,
Cheminova, Omnova Solution in local area in the field of production, Operation
Excellence and Safety. Currently he is self-employed in commercial/financial
areas. He is Hon. Treasurer IIChE Ankleshwar Regional Centre Bharuch.
Expert lecture description:
Expert talk was organized by Chemical Engineering
Department, GEC Bharuch on “Depreciation on Plant and Machinery” under
the banner of IIChE student’s chapter.
Following topics were covered
in Expert lecture.
- Book Value.
- Replacement Value
- Salvage and scrap valule
- Methods of calculating Depreciation
In the expert lecture, Mr. Snehal Tralsawala explained
the basic terms like Book value, Scrap value, Salvage Value and their
importance in project management. He
has discussed about Straight line method, Declining balance method, Double
Declining method and sum of the years Digit method. He explained Depreciation
for industrial operations with various case studies. Students were able to
understand the Significance of Economics in the field of Chemical Engineering.
Glimpse of Expert Talk.
