Hi all,
I have a quick question on depreciating a "cut off machine". Should it be listed as "Grinding machines : 6" a or "Power tools (hand-operated) : 5", from the Depreciation allowance table, found on the Wiki
And then, for clarification, since this item is less than R7000, do I depreciate it over 1 year, instead of 5 of 6 (depending on the answer above)?
Lastly, which method of depreciation is preferred, "Straight Line", "Declining Balance" or "Full Depreciation at Purchase"?
Did you like this article? Share it with your favourite social network.