Its me again - i seem to be having more questions than answers - i do apologize.
I had a look at our old accountants depreciation calculations
Am i under the right assumption that SBC's have their own specific depreciation rates being 50% in the first year, 30% in the second year and 20% in the third year for all non manufacturing assets?
Our old accountant used different rates - is there a way where i can adjust in the current year so to calculate depreciation according to the special SBC rates?
for example - if there is an item bought for R10 000 last year and my old accountant used a 33% depreciation rate
during this year i will have cost price of R10000 accum depreciation figure of R3333,33
it should of been at the end of this year a cost price of R10000 and accumulated depreciation of R8000(according to SBC rates) can i therefore put through a depreciation charge of 4666,67 (8000-3333,33) for this year?