Depreciation
This query is : Resolved
Harikrishnan
(Querist)
15 December 2010
Sir,
How can we calculate depreciation for live stock like cow, goat etc. for milk, in a hotel business?
How can we calculate depreciation for live stock like cow, goat etc. for milk, in a hotel business?
16 December 2010
Based on useful life.
Srinivas Rao
(Expert)
16 December 2010
Livestocks cannot be depreciated as the useful life period cannot be estimated. I think it should be tested for impairment.
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