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Depreciation

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 April 2013 What is the monetary limit to claim the 100% depreciaon on fixed asstes..? I have purchase a Mob ph of Rs.4000. How should i claim depreciation on it or i sud treat it lyk an expense..??
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Ravi Jhamb

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Ravi Jhamb (Expert)
30 April 2013 you should treat as expenses. depreciation charge on fixed assets which life limit 5 years. mobile life is not more than 1.5 years.

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