For assets less than Rs.5000, 100% depreciation can be charged as per companies act. should we consider no of days put into use?
For eg. asset costing Rs.2500 put to use on 30.6.2012. depreciation should be Rs.2500 or Rs.1875?
Kindly clarify
no don't cnsider no. of days ,depreciate it 100% irrespective of its date f purchase
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Sri Aurobindo Gnostic Centre of Education
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