Respected ,
I have brought a landline phone rs 800/- is it applicable for depreciation? if it is not applicbale then what is the price limit for aplicable ?
Thanks & Regards
Mayur
Depreciation on Mobile Phone
Page no : 2
Kartikey Jain
(Intern)
(2382 Points)
Replied 04 July 2018
| Originally posted by : mayur | ||
 |
Respected , I have brought a landline phone rs 800/- is it applicable for depreciation? if it is not applicbale then what is the price limit for aplicable ? Thanks & Regards Mayur |
 |
See, this more or less will depend on the policy followed by the management. You can opt for any of the two options. You can write it off as a revenue expenditure since the amount is really insignificant. Else you can also opt for depreciation on the rates discussed above.
KOUSHAL JAIN
(Chartered Accountant)
(471 Points)
Replied 04 July 2018
| Originally posted by : Harpreet | ||
|
As per Comapny Act SLM - 4.75% WDV-13.91/- As per Income Tax Act 15% on P & M |
|
Correct
shahyar husain
(1240 Points)
Replied 13 November 2020
Kindly inform me about the depreciation rate on mobile phones after the introduction of GST?
Prachi Bansal
(3129 Points)
Replied 06 January 2021
As per my knowledge the depreciation rate on mobile phones is 15%
Hope this answers your question!
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