Deperication Rates of Fixed assets

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This discussion clarifies the depreciation rates for fixed assets, specifically an e-bike and a chemical mixing machine. The chemical mixing machine, used for general chemical purposes rather than construction, is subject to a 15% depreciation rate. This distinction is important for accurate asset accounting and tax calculations.

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(Querist)
03 April 2023 Dear Sir,

Please provided deprecation Rates % of Ebike and Mixture Machine
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
04 April 2023 Is mixture machine the same which is used in construction industry?
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Santosh

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Santosh (Querist)
08 April 2023 Sir, No its purchase for mixing of Chemical.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
08 April 2023 If its general chemical mixture, rate of depreciation would be 15%.
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