Depreciation and impairement
This query is : Resolved
09 April 2009
Hello Experts,
Pls guide me to the following:-
1. Can we provide depriciation to assets only for the number of days used (say put in to use in the middle of the year and put on hold after few month but before year end)is it legal according to Co., Law.
2. Is it possible to provide depreciation as mentioned above and also reduce on account of impairement of assets in the same financial year. (under Co. Law and IT)
3. if Possible Impairement on which value on WDV on Gross block.
Thanks in advance.
Pls guide me to the following:-
1. Can we provide depriciation to assets only for the number of days used (say put in to use in the middle of the year and put on hold after few month but before year end)is it legal according to Co., Law.
2. Is it possible to provide depreciation as mentioned above and also reduce on account of impairement of assets in the same financial year. (under Co. Law and IT)
3. if Possible Impairement on which value on WDV on Gross block.
Thanks in advance.
10 April 2009
IMPAIRMENT MEANS ?
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