Asset Depreciation
This query is : Resolved
Dhinesh kumar
(Querist)
17 June 2009
If a Machinery which is already depreciated (Put in Use and commenced production) is temporarily stop for a certain period in a financial year. In the FY can depreciation be calculated for the total no of days or it is to be calculated only for the days it is used.
Manmohan ACA, CS
(Expert)
17 June 2009
It can be claim for entire year provided it was ready to use and the business was not stopped completely
Ankur Garg
(Expert)
18 June 2009
Agree. But such claim will be subject to 2 conditions mentioned above.
Regards
Regards
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