What is the depreciation rate of Vacuum Cleaner as per Company Act and under which asset classification it comes in ?
Kallol Sarkar (Accountant) (188 Points)
01 August 2022What is the depreciation rate of Vacuum Cleaner as per Company Act and under which asset classification it comes in ?
Yasaswi Gomes new
(Finance )
(4474 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.
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