Depreciation on closed business
This query is : Resolved
24 September 2023
How to calculate depreciation on closed business.
on Fixed assets and Trademarks.
on Fixed assets and Trademarks.
25 September 2023
No more specific rates.
Depreciate on the date of ending.
21 January 2024
Just wanted to add that depreciation needs to be calculated as per the rates specified for the category of Assets till the date of the end of operations of the company or till the date which have been used these assets for business operations whichever is earlier.
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