Depreciation for aeroplanes clarified: complete aircraft uses the general aeroplane rate, separate aero-engines use their part-specific rate. A complete aircraft must be depreciated under the general aeroplane entry in Appendix I, even though it comprises multiple components. Separate depreciation rates apply only when specific parts such as aeroengines or aerial photographic apparatus are depreciated independently. Other parts lacking specific entries fall to their appropriate heads in Appendix I or, if none exist, to the general machinery and plant provision of item III.
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Depreciation for aeroplanes clarified: complete aircraft uses the general aeroplane rate, separate aero-engines use their part-specific rate.
A complete aircraft must be depreciated under the general aeroplane entry in Appendix I, even though it comprises multiple components. Separate depreciation rates apply only when specific parts such as aeroengines or aerial photographic apparatus are depreciated independently. Other parts lacking specific entries fall to their appropriate heads in Appendix I or, if none exist, to the general machinery and plant provision of item III.
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