Job
151 Points
Joined June 2017
Depreciation rate will be 30%
As you are a Laundry Owner , Lorry is used to transport clothes from Hotel to Laundry & again send it back to hotel from laundry.
So , Depreciation rate for whole year is 30%. p.a.
If Lorry is used for less than 180 days, then in the first year rate will be 15% .(example- If for the year ended 31/03/2020, Lorry is Purchased on 02/03/2020, it means asset is used for less than 180 days , rate of depreciation will be 15%)
From the 2nd year, you can claim entire 30% depreciation.