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Depreciation

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(Querist)
01 October 2019 Whether Depreciation to be calculated under Companies Act, if asset is purchased and sold in the same year.

Thanking in advance.
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RAJA P M

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RAJA P M (Expert)
01 October 2019 Yes... If Company.
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A.S.SUNDARARAJAN

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A.S.SUNDARARAJAN (Expert)
01 October 2019 Yes. The depreciation is to be calculated from the date of receipt / installation till the date of sale of capital goods even if the asset is sold in the same year in which year purchase is made




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