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Former Member
Jan 09, 2008 at 06:15 AM

Additional Depreciation on Asset - Income Tax Purpose

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Hi,

Please provide the information on Additional Depreciation on Asset.

In the first yera of asset purchased (in case of Plant & Machinery) it should be depreciated at the rate 35% (15 % Normar dep and 20 % additional dep in the first year).

regards.