Effective date: November 1, 2004
Application: All equipment and tools for vocational rehabilitation
Policy subject: Return to work and vocational rehabilitation
To establish guidelines for the purchase of equipment and tools for vocational rehabilitation programs.
Single Purchases $2500 and Greater
Recovery of Equipment and/or Tools
The rate of depreciation = 1.7% per month; equipment used for six months.
Number of months of use x 1.7% = total depreciation in per cent (%)
Total depreciation % x original purchase value of item = dollars depreciated
Original purchase price – dollars depreciated = Depreciated Value
6 (months of use) x 1.7% = 10.2 % (total per cent depreciation)
10.2% x $3000 (original price of item) = $306 (dollars depreciated)
$3000 - $306 = $2694 (Depreciated Value)
01 January 2014. References updated in accordance with The Workers’ Compensation Act, 2013
ADM PRO 07/2016 Disposal of Surplus Assets
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