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if you use the log-book method to calculate your MV expense. you can substantiate all of your MV expense including Depreciation. if your vehicle travel more than 5,000 for business purpose, you can use the 12% of Original Value Method and 1/3 of Actual Expense Method as well.Both of them can include depreciation. However, if you use Cent per KM method, then you don't need to worry about the depreciaiton. Please note that the Cent Per KM can only be used when the business travel is less than 5,000 KM p.a. |
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