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Any one can help me by giving the % of depreciation usually charging for the below Accounts 1)-Computer & Allied Items 2)-Machinery 3)-Vehicles?

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تم إضافة السؤال من قبل ISHAQ ALI , Senior Accountant , Delta Group (Delta, Okapi Advertising LLC, Grand Radium Technical Services LLC, Al Muhtarefoun LLC)
تاريخ النشر: 2017/01/29
Faraz Sultan
من قبل Faraz Sultan , head of regional operations , BMSA GLOBAL

These depreciation rates will generally be outlined by the Chartered body of Accounts & Finance in your employed country. The Governing body will generally outline the maximum time frame over which all assets can be depreciated. However, as a common practice, most governing bodies will outline a 50% depreciation charge over computers and allied items (2-3 years max) , vehicles 20 % ( 5 years max) , Machinery 10-12.5% (8-10) years max. You may want to check with your local governing body for the maximum limit they have set in your country

ahmed mohamd shatat
من قبل ahmed mohamd shatat , محاسب عام , شركة شتات للمقاولات العامة

  1. computer & allied items  :..5%
  2. machinery  :7.5%
  3. vehicles   :%

Soliman Abd  ALmalak Gendy
من قبل Soliman Abd ALmalak Gendy , مدير ادارة مراقبة حسابات , الجهاز المركزى للمحاسبات

Computers & and allied items usually 50℅ ℅Vehicles 20 Machinery 7.5℅/10℅ (Note that for one shift)

Hashem Albasha
من قبل Hashem Albasha , Accounting Support Adviser , AL Mustwa AL Raqi

thanks for the invitation

i agree with Mr Faraz answer

Ramesh Potharla
من قبل Ramesh Potharla , CHIEF ACCOUNTANT , AL MUQADIMAH TRADING LLC

1) computer & Allied Items - 20%

2) Machinery - 5%

3) Vehicle - 10%

 

above is just in general, but varies  Industry to Industry

Mir Mohsin  Ali
من قبل Mir Mohsin Ali , Accounts Manager , EMKA Beschlagteile Middle East FZE

Most importantly rate of depreciation is dependent on the estimated life of the asset.

Example: If you calculate depreciation @20% PA on vehicles i.e. 5 yrs estimated useful life

Here you are estimating that the vehicle will last for 5 Years but actually it is dependent on its usage.

Certain parameters should be taken into consideration before we finalize estimated life.

 

1) No of kms vehicle is expected to run

2) Maximum No of kms vehicle is expected to run during its estimated life

 

Proper estimation results proper depreciation charge rather than common pre-determined rates of depreciation which could not be the same for all firms.

 

Similarly you have to take certain parameters in case of other assets also.

 

Depreciation charge should reflect the pattern of consumption of economic benefit from the use of asset.

krishnamoorthy Achutham
من قبل krishnamoorthy Achutham , DY Manager (Accounts) from April , DCW LIMITED,

I have answered for computers only.For other items Sch 14 (in India) has to be referred.

Shaikh Aslam
من قبل Shaikh Aslam , Accounts Payable Accountant , Impact Realty Contracting Company

It is depend upon your country Law(commercial portion)

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