Statutory, accelerated and pro-rata depreciation. The list is generated from the fixed-asset card. The binding table is at Revenue.
Useful lives for buildings, vehicles, fixtures and rights come from the communiqué list. Short periods and revaluation are cut on the working paper.
On hospitality and construction files the fixed-asset list is read with the cash slip at month-end. A wrong life breaks period profit and provisional tax.
- Buildings (general)
- %2
- Plant / machinery
- %10
- Vehicles
- %20
- Office fixtures
- %20
Demo figures; confirm against the communiqué and the live file.