Depreciation
This query is : Resolved
akhil joseph
(Querist)
04 September 2013
ABC Private Ltd purchased and implemented a computer software during 2010-11. Subsequently in the very next year they replaced the earlier software. My question is can i claim depreciation as per companies on the old software?
CMA Ramesh Krishnan
(Expert)
04 September 2013
Old software can be treated as deletion or obsolete and new software can be claimed the depreciation
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