Depreciation on Livestock
This query is : Resolved
28 July 2010
whether depreciation can be claimed on livestock?if yes at what percentage?
CA Sanat Pyne
(Expert)
28 July 2010
as per AS-6 livestock & some other specified assets are out of the scope of As-6 means such assets are not depreciable & hence no rate of dep. has been prescribed for the dep. of the same..
well.. practically such assests are shown in the books depending upon their market value.
practically u cn show & treat the same depending upon at wt value they are saleable in the market..
well.. practically such assests are shown in the books depending upon their market value.
practically u cn show & treat the same depending upon at wt value they are saleable in the market..
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