Depreciation
This query is : Resolved
Nagendra Kumar
(Querist)
26 August 2008
on refrizerator, A/C machinery which are used for office purpose(in CA Firm) at what rate we can claim Depreciation.These can be considered as plant and machiney or not?
26 August 2008
Its under the block of plant & machinery. You should charge depreciation at general plant & Machinery depreciation rates.
27 August 2008
Plant and machinery also includes office equipment and as such, Refrigerator and AC etc may also be depreciated at 15%.
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