DEPRECIATION IN CASE OF SUBSIDY RECEIVED
This query is : Resolved
26 August 2023
Dear All,
How to calculate depreciation on plant & machinery in case of capital subsidy received after 180 days in the Financial Year?
Partnership Firm had purchased Plant & machinery in FY 2020-21. Subsidy related to such plant & machinery is received in Nov'22. i.e. after 180 days.
Shall I calculate depreciation after reducing subsidy amount from opening W.D.V.?
Thanks & Regards
Nirmal Dave
How to calculate depreciation on plant & machinery in case of capital subsidy received after 180 days in the Financial Year?
Partnership Firm had purchased Plant & machinery in FY 2020-21. Subsidy related to such plant & machinery is received in Nov'22. i.e. after 180 days.
Shall I calculate depreciation after reducing subsidy amount from opening W.D.V.?
Thanks & Regards
Nirmal Dave
26 August 2023
Reduce subsidy from initial capitalised value and calculate depreciation.
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