Depreciation
This query is : Resolved
01 October 2019
Whether Depreciation to be calculated under Companies Act, if asset is purchased and sold in the same year.
Thanking in advance.
Thanking in advance.
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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