Depreciation
This query is : Resolved
19 June 2013
As per Note 8 to Schedule XIV,items costing less than Rs 5000 can be fully depreciated in the year of purchase.
My query is- If a company writes off fully all items costing Rs 15,000 as per its Company policy,will that be a correct practice?
My query is- If a company writes off fully all items costing Rs 15,000 as per its Company policy,will that be a correct practice?
19 June 2013
no company can not do any thing for violance of company act.
19 June 2013
you mean that the Rs 5,000 limit is final and it cannot be exceeded under any any circumstance?
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