Depreciation - Drillin machine

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46 Points Posted on 15 November 2021
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
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On 15 November 2021 at 16:45 Report
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.

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Chartered Accountant
24588 Points Posted on 15 November 2021
Office equipment
15%
1 Reply
On 15 November 2021 at 16:50
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ca
603 Points Posted on 15 November 2021
Should be under Plant and Machinery depreciated at rate of 15%
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On 15 November 2021 at 23:46
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Chartered Accountant
24588 Points Posted on 21 November 2021
But it should be shown under office equipment also
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On 21 November 2021 at 05:54

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