Depreciation Rates for Mobile

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Salaried Employee
102 Points Posted on 19 November 2020
What is Depreciation Rate for Mobile and other standard rate of depreciation
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On 19 November 2020 at 07:53 Report
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Mobile phones are typically depreciated at a standard rate of 15% under the Plant & Machinery category. Despite being classified as machinery, their short lifespan of 2-3 years often leads businesses to write them off as expenditure once their value becomes negligible.

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Accountant
3662 Points Posted on 19 November 2020
15%.......
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On 19 November 2020 at 08:22
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AUDIT MANAGER
22 Points Posted on 19 November 2020

Though the mobile phone is categorised under machinery, its life time is not more than 2-3 years if preserved so carefully. So, upon considering this, in most of the cases, we used to write it off as expenditure till the value is reasonable and not so high.

G.S. Balu

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On 19 November 2020 at 12:52
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Student
23693 Points Posted on 21 November 2020
15% Depreciation Rate is applicable on Mobile Phones ( Plant & Machinery head ).
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On 21 November 2020 at 22:48

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