South Africa: Section 12C Wear & Tear Allowance as 2nd plan for depreciation context

South African Revenue Services (SARS) grants an accelerated depreciation schedule for:

  • Machinery & plant (new or used)
  • Useddirectlyin manufacturing process
  • Brought into use for the first time by the axpayer
  • For purposes of his trade

Write-off(% of cost claimed as deduction per year)

  • Yr 1: 40%
  • Yr 2: 20%
  • Yr 3: 20%
  • Yr 4: 20%

Please advise how I set up a depreciation method (or alternative) to accommodate this requirement in SAGE X3?

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