Depreciation on Mobile Phone

Respected ,

I have brought a landline phone rs 800/- is it applicable for depreciation? if it is not applicbale then what is the price limit for aplicable ?

Thanks & Regards

Mayur

Originally posted by : mayur
	Respected , I have brought a landline phone rs 800/- is it applicable for depreciation? if it is not applicbale then what is the price limit for aplicable ?   Thanks & Regards Mayur

See, this more or less will depend on the policy followed by the management. You can opt for any of the two options. You can write it off as a revenue expenditure since the amount is really insignificant. Else you can also opt for depreciation on the rates discussed above.

As per my knowledge the depreciation rate on mobile phones is 15%

Hope this answers your question!