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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Form 121 & TDS deduction
- Inter corporate deposits
- Regarding appeal to GSTAT
- Invoice V/S Goods receipt Note Date
- LC charges in relation to Asset purchased should be Capitalised ?
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Multiple trade mark
- Transporter Declaration form
- Capital gains on sale of agricultural land and house constructed on the land
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
