Depreciation Rates for Mobile
Parag Muthal (Salaried Employee) (102 Points)
19 November 2020
What is Depreciation Rate for Mobile and other standard rate of depreciation
3 Replies
G.S. BALASUBRAMANIAN
(AUDIT MANAGER)
(22 Points)
Replied 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
Shivam RC
(Student)
(23683 Points)
Replied 21 November 2020
15% Depreciation Rate is applicable on Mobile Phones ( Plant & Machinery head ).
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