Depreciation
This query is : Resolved
02 November 2014
If a machine was bought on January 1st,2010 but was erected/installed on September 30th,2010,how depreciation should be charged?Books are closed on December 31st every year.Should depreciation be charged from January i.e.whn machine was purchased or frm September 30 i.e.whn machine was installed?
Nikhil Kaushik
(Expert)
03 November 2014
you will charge depreciation only after the machinery is installed...
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