Freelancers: Do you register your business with ACRA?

[m1330]

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?

 

[godzilla60]

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.