Depreciation
This query is : Resolved
11 May 2012
XYZ pvt ltd purchase a machine on 1/12/2012. as per Co's Act,1956 the depreciation is @ 100% . How to charges depreciation
1 Full depreciation on 100 % cost of machine
or
2 Depreciation @ 100 % on cost of machine for mumber days used i.e 91 days from 1/12/2012 to 31/03/2012.
please reply urgently....
1 Full depreciation on 100 % cost of machine
or
2 Depreciation @ 100 % on cost of machine for mumber days used i.e 91 days from 1/12/2012 to 31/03/2012.
please reply urgently....
11 May 2012
100%*number of days put to use
11 May 2012
Agree with Expert
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- ITR returnFY25-26
- Share accounting-->fifo - capital gain - period as per fifo?
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR selection for salaries and capital gain less than L
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR 2 Short Term gain & Long term gain
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
