|
Type of Asset |
Policy |
|
Motor Vehicles |
Reducing Balance 25% |
|
Leasehold Property |
Straight-line over the length of the lease |
|
Freehold land |
Never depreciated. Only fixtures on land can be depreciated as land never loses its "useful life" |
|
Fixtures and Fittings |
Reducing Balance 15% |
|
Computer Equipment |
Straight-line 3 years or companies may expense it when purchased |
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