Depreciation as per companies act 2013
Querist : Anonymous
An individual transfers his assets to company and my doubt is what date should we take as date of purchase in calculating depreciation as per new companies act 2013?whether it's actual date of purchase by the individual or the date on which the asset is transferred to the company? In my opinion i thought it was the actual date of purchase. Please clarify me whether it's Correct or not.
Querist : Anonymous
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