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Depreciation for computer under R7000 value

Posted 26 July 2013

Some years ago SARS advised me that I could write off in year one capital goods for my business (computer) under R7k in value (accelerated depreciation).

Is this correct?

TaxTim Marc TaxTim Marc said:
31 July 2013 at 23:39

Yes this is correct as long as the cost is less than R7000 and not more than that amount and you are trying to depreciate a part of the asset.

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