Depreciation - Drillin machine

Hello,

Purchased Drilling machine for office use.

Q1. Is that to be included in depreciation ?
Q2. It Should come under Plant & Machinery / Office Equipments
Q3. Rate for it ?

thanks in adv
Replies (3)
Quick Summary
This discussion clarifies the accounting treatment for a purchased drilling machine used in an office. It confirms that the machine should be included in depreciation calculations and categorised under Plant & Machinery. The standard depreciation rate of 15% is recommended, though it should also be noted under Office Equipment.

Office equipment
15%
Should be under Plant and Machinery depreciated at rate of 15%
But it should be shown under office equipment also

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