Depreciation on asset earlier used for business purpose

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 March 2018 If for 1st 5 years i was using an asset for business purpose and was charging depreciation on it. but now it is not used for business purpose, so will depreciation be charged?

Querist : Anonymous

Querist : Anonymous (Querist)

07 April 2018 Waiting for an expert reply?

Guest

Guest (Expert)

07 April 2018 Have you converted it into personal asset or disposed off?

Querist : Anonymous

Querist : Anonymous (Querist)

01 May 2018 Now asset is used for personal purpose

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