Basic query in accounting
This query is : Resolved
08 October 2013
Please explain.
If Fixed asset is used for resale (I.e inventory),Then do we calculate depreciation on it.?
If yes then depreciation will be treated direct cost?
I will be very much thankful to you
If Fixed asset is used for resale (I.e inventory),Then do we calculate depreciation on it.?
If yes then depreciation will be treated direct cost?
I will be very much thankful to you
08 October 2013
Goods, assets what may be held as stock in trade shall not calculate depreciation even though depreciated asset. Means on Inventory depreciation not eligible.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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