Posts Tagged ‘Sage Software’

Where can I find United Kingdom fixed asset depreciation rates?

cnc router
Antony G asked:


In the near future I am going to be starting up a business making furniture, and I will be using Sage accounting software. I know how to set up the depreciation on all my fixed assets but where exactly do I get the depreciation rates from. Obviously you can’t just take a guess at what the rates should be e.g I have purchased a CNC router machine which cost £14000. Do I depreciate this item 5% a year or 20% or 15%. Where can I get this info?

CNC Jobs

Originally posted 2008-04-16 16:18:02. Republished by Blog Post Promoter