Hi - I have a quick question I was hoping someone can help me with, I have recently taken over filing the tax returns from my accountant. Having double-checked the depreciation schedule for year ending 31/03/2011 - accountant has been depreciating fitted furniture and the garage door at a rate different to that of the main structure (4% DV, purchased prior to 2006).
After having read the IS10/01 over at the IRD website, it appears that garage doors/fitted furniture are considered to be part of main structure if they're attached etc - so for the year ending 31 March 2011, do I have to use the 4% rate to depreciate the lot, even though a different rate was used prior?
Any help appreciated!
After having read the IS10/01 over at the IRD website, it appears that garage doors/fitted furniture are considered to be part of main structure if they're attached etc - so for the year ending 31 March 2011, do I have to use the 4% rate to depreciate the lot, even though a different rate was used prior?
Any help appreciated!
Comment