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Depreciation calculation on low value asset

Posted 6 January 2015

I have been audited by SARS and they need a depreciation calculation for a low value assets (cell phone) that I used to conduct business for my employer. Please send me the calculation as I cannot retrieve it from my tax return that I did with you.

TaxTim TaxTim says:
8 January 2015 at 9:05

Please make use of the Wear and Tear calculator to get to your result. Remember though that only the business portion of use can be deducted.

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