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.
CAclubindia
