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 taxpayer
- 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 Free depreciation method (or alternative) to accommodate this requirement in SAGE X3?
