Follow the revenue law code 65(2)
Any car, seating capacity that is less than 10 people, either under personal(Private car) or company purchase, depreciation calculated as follows:
Depreciation limit 1M. Bath
Example:
Car cost 1.29M
Deprecation = 1,000,000 x 20% = 200,000.-per year (MUST be 5 years)
Balance 0.39 record under Expense(Revenue Raw Code Setion 315 Date 10/11/1997)