[vishnu kiran]

What is the rate of depreciation for Ambulance ????

[Eshanya]

Ambulance is depreciated in the rate in line with that of motor van
which is 30%.

[Eshanya Tallur]

If ambulance is run on lease or hire basis then 30% or else it is 15%.

[Vignesha M]

Depreciation for Motor Van is 30%? From when??

[Sanketh nayak]

its 15% . 30% for hiring no?

[vishnu kiran]

Hello guys. ambulence will come under life saving equipments ???? ( i am thinking so because all the euipments will be attached to the van and the cost of equipment fitted to van is more than cost of van!!!!) now anyone wants to change their views??? 

[Eshanya Tallur]

Yes. I've a different opinion.Manufacturer of ambulance manufactures only the vehicle.Once it reaches the hands of hospital they fix the required equipments.Once it is fixed it becomes part of the vehicle.

 

The cost of the equipment may be more than the cost of the vehicle. But after it is fixed it becomes indivisible part of the vehicle.Moreover the equipment does not increase the life of the vehicle.

 

In this case, 2 assets (vehicle and equipment) are combined to form an ambulance.Without equipment, vehicle can still run and get patients to hospital.In my opinion it is not compulsory to install any equipment to the vehicle to call it an ambulance.So 15% / 30% rate would apply.

[Eshanya]

There is another view that if both the assets (vehicle and equipment)
are divisible then it should be shown as 2 saperate assets as per AS
10.