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