Additional depreciation-Urgent help
This query is : Resolved
29 May 2021
whether additional depreciation can be claimed in each financial year?
if yes, on which amount? whether on actual cost or on WDV of asset?
I am asking about additional depreciation of subsquent PY
Eg- Cost-100,000/-
Addition-50000/- (less than 180)
depreciation-23750/-
WDV- 126250
what is next year depreciation and aditional depreciation?
if yes, on which amount? whether on actual cost or on WDV of asset?
I am asking about additional depreciation of subsquent PY
Eg- Cost-100,000/-
Addition-50000/- (less than 180)
depreciation-23750/-
WDV- 126250
what is next year depreciation and aditional depreciation?
29 May 2021
Additional depreciation can be claimed in first year only. In case of asset less than 180 days claim 50% in current year and balance 50% in next year.
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