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TaxTim says: 18 September 2013 at 20:02 What is a dragline bucket? |
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Thato says: 18 September 2013 at 20:06 It is a bucket used on a dragline machine, which removes overburden(ground) on top of coal, in open cast mining. |
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TaxTim says: 18 September 2013 at 20:37 Please have a look How to calculate Wear and Tear to see if your item and which category it may fit into and the system will calculate the depreciation accordingly. |
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Thato says: 18 September 2013 at 20:40 I have, and the item is not included. |
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TaxTim says: 18 September 2013 at 20:51 We will have to get back to you about this as it would fall under mining equipment which is a specialised area of tax. |
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Thato says: 19 September 2013 at 9:38 Thank you, I would really appreciate that. How long would I have to wait? Here's further information to help you: one buckets costs R 5 600 000.00 |
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TaxTim says: 19 September 2013 at 17:51 If the mine came into operation between 1973 -1990 then 10% per annum, if after 1990 then 12% per annum. |
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