Depreciation on fixed assets
This query is : Resolved
Rupinder Singh
(Querist)
22 December 2014
Dear Sir,
If a Company sell its fixed assets to another Company in the month of November 2014, whether the Seller Company can avail Depreciation for 6 months i.e from 01.04.2014 to 30.09.2014 or not.
Regards,
Rupinder Singh
If a Company sell its fixed assets to another Company in the month of November 2014, whether the Seller Company can avail Depreciation for 6 months i.e from 01.04.2014 to 30.09.2014 or not.
Regards,
Rupinder Singh
22 December 2014
The ans is yes till the time it was the owner then proportional depreciation is allowed to them.
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