Depreciation rate
This query is : Resolved
ADVOCATE NUSRAT
(Querist)
21 March 2016
what is the depreciation rate of fan , water purifier , weighting machine , cctv camera ??????
is it 10% or 15 %
is it 10% or 15 %
Ankur Singhal
(Expert)
21 March 2016
Dear
They all should be depreciated at10%.
And not at 15%.
They all should be depreciated at10%.
And not at 15%.
ADVOCATE NUSRAT
(Querist)
21 March 2016
u mean to say that they are falling under furniture & fixture , not under machinery????
Ankur Singhal
(Expert)
21 March 2016
Dear
They all are the electric fittings and not machinery.
Hence rate is 10% p.a for depreciation.
They all are the electric fittings and not machinery.
Hence rate is 10% p.a for depreciation.
Amol S Joglekar
(Expert)
21 March 2016
In the normal course of business, all the items enlisted by you fall in 10% depreciation category. (For example water purifier in case of pure water supplying company and used as such may be regarded as machinery, but not otherwise)
Ashish Bansal
(Expert)
25 March 2016
In my opinion rate applicable for fan only shouldbe 10% and for all other iitems, it should be 15%.
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