depreciation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 June 2011
Dear sir
i have one invoices that contain four items (all assets)Rs.10,000/- and they provide Rs.1000/- as discount so i have to pay only Rs.9,000/- sir for passing the jv from which item (there is four items) i have to deduct this discounted amount please help me
thank you
i have one invoices that contain four items (all assets)Rs.10,000/- and they provide Rs.1000/- as discount so i have to pay only Rs.9,000/- sir for passing the jv from which item (there is four items) i have to deduct this discounted amount please help me
thank you
23 June 2011
deduct from all four items in proportionate to value of each.
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Rajni Kant
(Expert)
23 June 2011
Normally it will be deductable from all four proportionately But in present case if value reduced to below 5000/-charged to revenue, may not be considered as asset.
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