Depreciation as per companies act.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 November 2013
If an asset is purchased in april and put to use in october of same year then depreciation as per companies act will be from april or october . Whether it depends on any particular asset or it is general.
22 November 2013
depreciation shall be available from put to use date. in your case it shall be available from october.
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