Depreciation
This query is : Resolved
prakash muduli
(Querist)
17 June 2014
Hi,
Please share up to which point we can charge depreciation.Is possible to zero cost.
Please share up to which point we can charge depreciation.Is possible to zero cost.
Nikhil Kaushik
(Expert)
17 June 2014
generally once the asset is reduced to Rs 1, we stop there as long as the asset is being used.
17 June 2014
once its rs 1 just write off fully.
Nikhil Kaushik
(Expert)
17 June 2014
actually, tushar, we never writ off once it becomes Rs 1 as long as it is in use to ensure that all the assets are kept on records...
17 June 2014
then how can u show it when it becmes 0?
Nikhil Kaushik
(Expert)
17 June 2014
that is what i said...we stop depreciation charging when it becomes Rs 1
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