Depreciation rates as per co.act 2013.

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 February 2016 our company purchased mobile phone and tablet for employees.
cost is born by co.
however as per co policies, mobile phone will become the property of the employee after 25 months of issue.
if employee leaves before that period then bal of instalments will be deducted from his salary and employee has no option to return it.

my queries are:
1. whether to treat them as asset and charge depreciation. if yes, then what is the rates of depreciation?
2. whether it is practical to treat it as routine business expenditure?

pls advise.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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17 February 2016 Treat it as routine business expenditure as owner ship goes to employees after some time.

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Depreciation rates as per co.act 2013.

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