depriciation
This query is : Resolved
17 April 2009
Hi,
What should be the depriciation charged on refrigerator?
Thanks,
What should be the depriciation charged on refrigerator?
Thanks,
17 April 2009
Refrigerator will be included in the block of furniture & Fixture s well as machinery depending upon the nautre of business and use of it.
17 April 2009
Most possibly it will included in P&M and 15% depreciation will be charged as per IT.
17 April 2009
It will be traeted as a part of Plant &machinery and the rate will be 15%pa.
17 April 2009
Refrigerator shall be part of office equipments if not a part of plant and macheinery, but the dereciation rate shall be the same i.e 15%PA.
17 April 2009
15%
01 May 2009
The refrigrator is a part of the office equipments and the rate of 15% applies. I Agree with Tarun.
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