Depreciation
This query is : Resolved
12 November 2008
At what rate can we give depreciation for name board of a company? I understood that it should be shown under the furniture and fittings head (from bare act). The company purchased a car, for which depreciation is to be calculated according to days of use, so how much depreciation to be provided for the same if purchased on 1/7/08 in the internal audit statement ending 30.09.2008
12 November 2008
It should be depreciated:
Cost x Depn rate x 3months (July to Sept)/9 months (July to MArch)
ALso classification as furniture is right
Cost x Depn rate x 3months (July to Sept)/9 months (July to MArch)
ALso classification as furniture is right
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