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Cctv camera is fixed assets or not

others 21840 views 2 replies

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

 

Replies (2)
Quick Summary
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.

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

 

Isn't the depreciation rate 60%? 

Please correct me if I am wrong!


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