Depreciation rate on Air conditioner F.Y 2019-20

Hlo seniors, I hope all is well

Seniors can you please guide me about that rate of Depreciation on Air Conditioner for office use( partnership Firm)
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Quick Summary
This discussion clarifies the depreciation rate for office air conditioners for the financial year 2019-20. For office use, an air conditioner is classified as office equipment with a depreciation rate of 10%. If used for production purposes, it's considered plant and machinery with a 15% depreciation rate.

If you installed a window air conditioner, for instance, you could deduct the cost under Rental Expenses. If you installed a central air conditioning system ,however, that is considered a Capital Improvement and would be depreciated for 27.5 years, the same as the rental property itself.

The rate of depreciation on air conditioner is 15% if used for production purposes and is classified under plant and machinery.

If the A.C. is used in office then it is classified as office equipments and thus depreciation rate is 10%

Hope this helps!

 

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