What are acceptable write off periods for depreciation?
By Nicci Courtney-Clarke · Updated
In addition to my previous question, the "Schedule of Write-off Periods Acceptable to SARS" (provided by SARS) - does that apply to Depreciation and/or Wear and Tear?
Can I not decide on a set period for all my assets and write off depreciation and wear and tear at that same rate? Example: @ 25%
Can I not decide on a set period for all my assets and write off depreciation and wear and tear at that same rate? Example: @ 25%
No unfortunately not you need to use the SARS approved Wear and Tear Schedules