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Thread: Freelancers: Do you register your business with ACRA?

  1. #41

    Default Re: Freelancers: Do you register your business with ACRA?

    a question. How do one declare equipment depreciation if the camera equipment is bought 2nd-hand 1-2 years ago ? I guess this is important to computed the profit adjustment?

  2. #42
    Member
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    Nov 2005
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    1,105

    Default Re: Freelancers: Do you register your business with ACRA?

    Quote Originally Posted by m1330 View Post
    a question. How do one declare equipment depreciation if the camera equipment is bought 2nd-hand 1-2 years ago ? I guess this is important to computed the profit adjustment?
    if i am not wrong, depreciation is not recognised as an allowable deductible and hence does not apply when u are filing your tax.
    G

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