Seven years
it should be 15 percent treated as tools and equipments
10% is the rate of depreciation on air condition
What is the rate of depriciation on refigerator
Accelerated depreciation is method in which double rate for depreciation is used as compare to straight line method.
The Rate of Depreciation on Computer as per Companies Act is 40%
it should be 15 percent treated as tools and equipments
Building is an asset for business and depreciation is only charged to assets of business so in this way depreciation is charged to building as well.
10% is the rate of depreciation on air condition
What is the rate of depriciation on refigerator
What is the rate of depriciation on refigerator
Accelerated depreciation is method in which double rate for depreciation is used as compare to straight line method.
The Rate of Depreciation on Computer as per Companies Act is 40%
12%
Property depreciation only done on building land is in nature of application
Depreciation rate = 1/Useful life * 100 * 1.5 1/20 = 0.05 0.05*100*1.5 = 7.5 Depreciation rate is 7.5%
An advantage of depreciation is being able to have a tax deduction. A disadvantage is not being able to calculate the rate of depreciation for each year.
Rate of depreciation = 1-(salvage value/Cost of asset)^(1/n) n-> useful life of the asset. This rate of depreciation is charged on the net book value of the asset of each year.! The depreciation rates are high at the start and low towards the end of useful life of the asset