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Tax Depreciation Schedules For Quarry Depreciation In Ethiopia

depreciation cost of construction equipment,methods of calculating depreciation. in calculating depreciation, the initial cost should include the costs of delivery and startup, including transportation, sales tax, and initial assembly. the equipment life used in calculating depreciation should correspond to the equipment’s expected economic or useful life..depreciation table [see rule 5] (rates changed w.e.f. a.y,(iv) mines and quarries (a) tubs, winding ropes, haulage rope and sand stowing pipes (b) safety lamps 100 40 (v) salt works-salt pans, reservoirs and condensers, etc., made of earthy, sand or clayey material or any other similar material 100 40 (vi) flour mills-rollers.ethiopian tax system | hahu zone,depreciation schedule. for building 300,000*0.05=15,000; for equipment 15,000*.20= 3,000; for computer 16,000*.25 = 4,000 annual rental income (birr 30,000*12 months) -----360,000 less: allowable deductions. land tax (15% of 360,000)-----54,000; other taxes (3%of 360,000)-----10,800.income tax (depreciation rates) regulations 2016,1.—(1) these regulations may be cited as the tax (depreciation rates) income regulations 2016. (2) these regulations shall come into force on 1 january 2016. interpretation 2.—(1) in these regulations, “act” means the income tax act 2015. (2) the words and phrases have the same meaning as under the act unless the context otherwise requires..

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