31 March 2015
A PERSON PURCHASED A CERTAIN FURNITURE FROM HIS POCKET AND THEN AFTERWARDS HIS EMPLOYER REIMBURSE THE WHOLE EXPENDED AMOUNT TO HIM?
1. FURTHER THE EMPLOYER TAKES THE BENEFIT OF DEPRECIATION ON THAT ASSETS. 2. AFTER THE VALUE GET FULLY EXHAUSTED THE EMPLOYER PURCHASES THAT ASSETS FROM THE PERSON ON NOMINAL SCRAP VALUE.
MY CONFUSION ARE THAT :
1. WILL SUCH TRANSACTION IS POSSIBLE. 2. IF POSSIBLE- IN WHOSE BOOK THE ASSETS WILL BE ENTERED.
31 March 2015
MY QUESTION SEEKS THE SAME THING WHO WILL BE THE OWNER? SINCE EMPLOYER TAKE THE DEPRECIATION LATER THE EMPLOYER PURCHASE THE SAME ASSETS AS SCRAP FROM EMPLOYEE.
31 March 2015
1."A PERSON PURCHASE" NATURALLY BILL WILL BE IN HIS NAME. 2.SECONDLY HIS EMPLOYER COMPANY PAY/CAN SAY REIMBURSE THE AMOUNT TO HIM, BUT THE ASSETS REMAIN WITH THE PERSON ONLY FOR USE. 3.EMPLOYER CO. TAKES THE DEPRECIATION 4. AND AFTER BEING USE BY THE PERSON TILL ITS EXHAUSTIVE VALUE , THE CO. PURCHASE THE SAME AS SCRAP FROM HIM.
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