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Rate of depreciation on truck
please confirm what is the rate of depreciation on personal car and on commercial truck used in business
Replies (2)
Quick Summary
Personal Car @ 15%
Commercial Truck @ 45% for the person who is engaged in the business of hiring truck for the Transportation of Goods for other person truck truck used for business purpose rate will be 15%
Commercial Truck @ 45% for the person who is engaged in the business of hiring truck for the Transportation of Goods for other person truck truck used for business purpose rate will be 15%
15% depreciation
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