What is the depreciation rate of Vacuum Cleaner as per Company Act and under which asset classification it comes in ?
2 Replies
Yasaswi Gomes new
(Finance )
(4545 Points)
Replied 05 August 2022
Depreciation on furniture and fitting including electrical fitting: 10% electrical fittings include electrical wiring, switches, sockets, other fittings and FANS, etc. it means depreciation on FANS is also 10%. You can use the Fixtures and Fittings head not unless there is a compliance issue.
Rosti Mayes
(mechanic)
(22 Points)
Replied 05 June 2025
hey there i know an answer for your question
According to the Companies Act (India), a robotic vacuum cleaner like the bobsweep typically falls under the "Office Equipment" asset classification for depreciation purposes. Under the Written Down Value (WDV) so the depreciation rate is approximately 25% per annum
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