CCI Online Coaching    |    x

Depreciation on Livestock

This query is : Resolved 

28 July 2010

whether depreciation can be claimed on livestock?if yes at what percentage?

28 July 2010

as per AS-6 livestock & some other specified assets are out of the scope of As-6 means such assets are not depreciable & hence no rate of dep. has been prescribed for the dep. of the same..

well.. practically such assests are shown in the books depending upon their market value.

practically u cn show & treat the same depending upon at wt value they are saleable in the market..

You need to be the querist or approved CAclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

× Online Coaching My Enrolled Courses
Articles Forum News Experts Exams Share Files Income Tax Accounts Career Corporate Law Service Tax Video Judgements Rewards Top Members Events Albums Find Friends Featured Feed Scorecard Bookmarks Mock Test Poll Notification Knowledge Finder Coaching Institutes Trainee Corner Jobs
close x