Depreciation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 September 2014
A pvt limited company is in trading business of fabrics and one of its director has purchased flat on account from company. Should it be treated as investment or fixed assets. If it will be treated as fixed asset can depreciation be charged. if depreciation be charged then at what rate of depreciation.
02 September 2014
if he has given on lease then depreciation is allowed
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