Cloud Payroll - BIK : Additional Info for Prescribed Value Method: Difference between revisions
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(Created page with "'''Question :''' <br> <big>'''Additional Info for Prescribed Value Method '''</big> <br> <u><b>Answer :</b></u> For household furnishings, apparatus, and appliances, the prescribed value in respect of these benefits is given in <b>Appendix 2 - (b) Prescribed Value of Household Furnishing, Apparatus and Appliances</b> For other benefits, the prescribed value is listed in <b>Appendix 2 - (c) Prescribed Value of Other Benefits</b> For those other benefits not listed,...") |
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For household furnishings, apparatus, and appliances, the prescribed value in respect of these benefits is given in <b>Appendix 2 - (b) Prescribed Value of Household Furnishing, Apparatus and Appliances [[https://wiki.autocountsoft.com/wiki/Cloud_Payroll_-_BIK_:_APPENDIX_2_-_(b)_Prescribed_Value_of_Household_Furnishing,_Apparatus_and_Appliances]]</b>
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Revision as of 09:39, 21 July 2022
Question :
Additional Info for Prescribed Value Method
Answer :
For household furnishings, apparatus, and appliances, the prescribed value in respect of these benefits is given in Appendix 2 - (b) Prescribed Value of Household Furnishing, Apparatus and Appliances [[1]]
For other benefits, the prescribed value is listed in Appendix 2 - (c) Prescribed Value of Other Benefits
For those other benefits not listed, it should be valued based on the below formula:
Annual Value of the Benefit = Cost of Asset Provided as Benefit / Prescribed Average Life Span of The Asset
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