Depreciation
This query is : Resolved
29 April 2014
Sir,
The funds accumulated in depreciation account, can it be used for any other purpose than replacement of the assets?
Kindly let me know.
Thanks,
Regards,
Amit
The funds accumulated in depreciation account, can it be used for any other purpose than replacement of the assets?
Kindly let me know.
Thanks,
Regards,
Amit
29 April 2014
Yes u can use it for Repairing & Maintenance of Assets. But it must b used for Assets only.
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