In case of trading shown as business income, for how many years can I claim depreciation for the same laptop?
Y1 - 40% depreciation
Y2 - Again 40% depreciation? Is it on the original invoice value? or the already depreciated value after Y1?
Written down Value.
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what does writen down value mean?
last year I claimed 40% on a 60k laptop… remaining 36k value
this year - what can I claim? 40% of 60k or 40% of 36?
This.
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Thank you…!
And for how many years can I claim this?
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For as long as you hold your laptop.
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