Is shed depreciable?
If yes, at what %???
Rate of Depreciation on Shed.
Anushree (student ) (37 Points)
09 August 2018
5 Replies
Ankita Chachan
(practitioner)
(548 Points)
Replied 09 August 2018
Yes it is depreciable. If it is a temporary erection, depreciation rate will be 40% or if it is permanent then 10%
Ashwin Kumar
(168 Points)
Replied 09 August 2018
shed fall under the definition of fixtures ...for the rest I quote ankita
Vaishnavi Ganesh
(Chartered Accountant)
(861 Points)
Replied 09 August 2018
I agree with Ankitha,
At the rate of 10% when used. if its a temporary erection at 40%
(Guest)
| Originally posted by : Vaishnavi Ganesh | ||
 |
I agree with Ankitha, At the rate of 10% when used. if its a temporary erection at 40% |
 |
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