I have Import one new CNC Machine (Rs.1 Cr) from Taiwan. Job doing in this machine is automatic i.e. I have to write/fed programm on Machine Computer and Machine will prepare the job as per the programm.
My question is under what rate I have to claim Depreciation per year for such type of machine?
Also I have purchase SolidEdge+NX CAM software (Rs.3Lakh) for this CNC machine to generate programm as per the Item. With this software I can make model of my item and prepare programm that understand my CNC machine and this programm I have to send to my CNC machine for further process.
My question is weather I can charge Depreciation amount for this software value? If yes then at what rate?
Please clarify my doubt.
Regards
Tarun T Patel.
CAclubindia
