Cctv camera is fixed assets or not

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Student CA Final
57 Points Posted on 24 August 2015

HELLO FRIENDS,I WANT TO ASK IS CCTV CAMERA IS A FIXED ASSETS,IF YES THAN WHAT SHOULD BE ITS DEP RATE....THANX

 

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On 24 August 2015 at 18:47 Report
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CCTV cameras are treated as fixed assets, usually under office equipment. Depreciation is generally 15 percent, though higher rates like 60 percent may apply if classified under specific electronic or computer related assets.

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Articled Assistant
2 Points Posted on 08 October 2018

Sure we can captalize CCTV as a fixted assets under  office equipment block  eligible depriciation is 15 % as per CA and IT act

 

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On 08 October 2018 at 12:38
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3134 Points Posted on 07 April 2021

Isn't the depreciation rate 60%? 

Please correct me if I am wrong!

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On 07 April 2021 at 15:21

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