Depreciation on sold assets

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

23 August 2011 Please suggest me if we Trancfer a machine to our other unit in 05/06/2011 and unit receive the machine at 07/07/2011.

Then at the time of finalisation of Balance Sheet as on 30/06/2011 who is charge the depreciation in our books ?

Guest

Guest (Expert)

23 August 2011 the previous unit will charge depreciation. transfer is not complete until the material is recieved it.

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