RE: Showpiece of the Week: Lotus Evora 414E
Discussion
The Wookie said:
That said, usually with these sort of grant projects you have to make a declaration at the start that anything built as part of the project has minimal residual value at the end!
You don't have to, but given that most of them allow you to claim grant on the depreciation for the duration of the project, it makes sense to assume that capital assets depreciate pretty hard!amstrange1 said:
You don't have to, but given that most of them allow you to claim grant on the depreciation for the duration of the project, it makes sense to assume that capital assets depreciate pretty hard!
If it’s considered a capital asset you’re right but wouldn’t you be declaring the constituent components as materials? Gassing Station | General Gassing | Top of Page | What's New | My Stuff