Depreciation on electrical fittings

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student
8138 Points Posted on 27 February 2021

If electrical fittings are used while setting up a machinery, will it be depreciated @ 10% or @ 15%?

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On 27 February 2021 at 19:47 Report
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This discussion clarifies the depreciation rate applicable to electrical fittings when they are integral to setting up machinery. The consensus is that these fittings should be depreciated at 15%, as they are considered a direct part of the machinery itself.

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Chartered Accountant
24588 Points Posted on 27 February 2021
@ 15%
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On 27 February 2021 at 21:12
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19 Points Posted on 27 February 2021
Depreciate at 15% considering as a part of the machinery
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On 27 February 2021 at 22:40

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