Depreciation

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10 Points Posted on 20 March 2021
what is the % of depreciation on furniture purchased in march
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On 20 March 2021 at 19:10 Report
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Quick Summary
This discussion clarifies the depreciation rate for furniture, establishing it at 10%. It also addresses how to calculate the actual claim, noting that 50% of the 10% rate applies if the furniture was purchased less than 180 days ago. This pro-rata calculation is important for accurate asset depreciation.

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Chartered Accountant
24588 Points Posted on 20 March 2021
10% depreciation on furniture
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On 20 March 2021 at 19:13
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Tax consultant
552 Points Posted on 20 March 2021
50 percent of 10percent
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On 20 March 2021 at 21:35
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Chartered Accountant
24588 Points Posted on 20 March 2021
Yes as it less than for 180 days
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On 20 March 2021 at 22:27

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