Depreciation
This query is : Resolved
sanjay more
(Querist)
09 November 2009
I am preparing haly yearly bal what depreciation should i charge it is for full or half
what i mean
if my asset cost is 100000
and dep. rate is 10%
it comes 10000
so, should i charge 10000 or 5000
please guide me
thanking you
what i mean
if my asset cost is 100000
and dep. rate is 10%
it comes 10000
so, should i charge 10000 or 5000
please guide me
thanking you
09 November 2009
as per companies act, the depreciation would be charged on the use of day basis.
Please give some details like when the assset is purchased etc if the asset is not purchased in this half year . the depreciation would be 5000
Please give some details like when the assset is purchased etc if the asset is not purchased in this half year . the depreciation would be 5000
shakuntala chhangani
(Expert)
10 November 2009
if the asset is ready for commercial use as at the beginning of the period (in case of new asset) or already in use (old asset)then half years depreciation will be charged.
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