19 September 2014
asset sold on 2nd december 2013. Will depreciation be charged on such asset at half rate or will its value be reduced from the block of assets and depreciation be charged on balance amount?
19 September 2014
Sorry i did not notice the word sold. Yes if the block exist then you have to charge depreciation. Since used for less than 180 days. 50% depreciation can be claimed. For detail provision with illustration see below link--
CAclubindia
