Depreciation on sale of assets
This query is : Resolved
06 December 2013
If an asset is sold in the second period (say in the month of january), whether the sale proceeds can be deducted in the value of second period additions or in the value of opening WDV with first period additions?
08 December 2013
The act is silent on this issue. Therefore, the calculation advantageous to the assessee can be followed.
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