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Dep. on truck spare parts

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(Querist)
05 August 2013 can depreciation is aplicable to spare parts of truck as statutory audit point of view. please reply
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Ganeshbabu K

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Ganeshbabu K (Expert)
26 August 2013 Depreciation not applicable on spare parts,,
.
.
in my opinion it can be charged to Vehicle Repairs& maintanance and debited to profit and loss account
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