Depreciation for assets less than rs.5000
This query is : Resolved
pragadeeshkanna
(Querist)
16 April 2013
For assets less than Rs.5000, 100% depreciation can be charged as per companies act. should we consider no of days put into use?
For eg. asset costing Rs.2500 put to use on 30.6.2012. depreciation should be Rs.2500 or Rs.1875?
Kindly clarify
For eg. asset costing Rs.2500 put to use on 30.6.2012. depreciation should be Rs.2500 or Rs.1875?
Kindly clarify
Dintakurthi Tirumala
(Expert)
16 April 2013
You need not to consider the days put into use.
OM SAI SRI SAI JAI JAI SAI
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