Depreciation
This query is : Resolved
17 August 2017
In case of private limited company if no activity carried during the year , whether depreciation will be charged under companies act
17 August 2017
if there are fixed assets provide depreciation since it arises due to effluxion of time
ABHISHEK GARG
(Expert)
17 August 2017
Depreciation is “a measure of the wearing out, consumption or other loss of value of depreciable asset arising from use, effluxion of time or obsolescence through technology and market-change.
"Effluxion of Time is also a factor.".
"Effluxion of Time is also a factor.".
Amol S Joglekar
(Expert)
17 August 2017
Like IFRS, get the asset valued as at the year end and any diminution in the value shall be charged off as depreciation.....
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