depreciation on fix assets
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08-11-2010, 02:43 AM
Post: #1
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depreciation on fix assets
for school business
what is the life of building,furniture & computers? and percentage and which method i should adopt for depreciation |
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08-11-2010, 05:58 AM
Post: #2
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For ur interanal or management accounting u can use any method depend on the company policy normally straight line method use
for tax accounting reducing balance method |
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08-11-2010, 09:17 PM
Post: #3
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Agreed with Consultant,
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08-12-2010, 02:35 AM
Post: #4
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you guys didn't tell me depreciation <b>% rate</b>.
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08-12-2010, 05:30 AM
Post: #5
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Tax depriciation Rate on written down value
Plant & Machinery 10 % Furniture & Fixture 10 % Computer hardware includining printer 30 % Professional books 20 % Building 5 % Motor vehicle 20 % For more info see third schedule part 1 of incometax ordinance wait for the laptop advice on above mentioned rates before taking any final decision For internal accounting purpose u can charge rate as per management policy |
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