How much the depreciation rate of building ?
How much the depreciation rate of building
Depreciation and amortisation
The depreciation rates range between 5% to 30% depending on the type of the asset. A taxpayer can use either a straight-line or diminishing value basis on most of the business assets, and the taxpayer is required to apply the same method of depreciation used in its financial accounts. However, some assets, such as business intangibles and buildings/structure improvements, are required to be depreciated on a straight-line method only. The tax depreciation rates are as follows:
Capital assets Depreciation rate (%) Straight-line 5% Diminishing value Buildings and structural